BlackRock raised CEO Larry Fink’s total compensation to $37.7 million for 2025, up 23% year-on-year, as strong performance including Bitcoin ETF growth boosted earnings.
The iShares Bitcoin Trust ETF generated $174.6 million in fees during 2025, highlighting crypto as one of the firm’s fastest-growing revenue streams despite representing a small share of total income.
BlackRock’s crypto products, including its Ethereum ETF, delivered around $193 million in combined fees, supporting broader financial performance that drove executive pay higher.
“Private markets for insurance, private markets for wealth, digital assets, and active ETFs. We believe all of these could become $500 million revenue sources over the next five years,”
Said BlackRock CEO Larry Fink.
The firm ended 2025 with a record $14 trillion in assets under management and $698 billion in net inflows, while reporting $2.18 billion in quarterly net income excluding one-off items.
Shareholder support for executive pay reached 67% despite some opposition, reflecting mixed views on compensation as BlackRock expands across crypto, private markets, and active ETFs.
Fink’s pay has fluctuated in recent years, including a 30% drop in 2022 during market downturns, underscoring how future compensation remains tied to asset performance and crypto market conditions.
At the time of reporting, Bitcoin price was $65,816.68.