BlackRock reported a record $12.53 trillion in assets under management as of June 30 buoyed by $68 billion in net inflows during the second quarter.

Private markets can withstand geopolitical shocks and individual investors want to benefit from this, Blue Owl Capital’s James Clarke said.

BlackRock's iShares Bitcoin Trust (IBIT) reached a milestone of $83 billion in assets under management, and several institutions are trading in and out of the fund.