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BlackRock's iShares Boost: ETF Assets Surpass $10 Trillion Mark

In a historic milestone, BlackRock's iShares exchange-traded fund (ETF) business has surpassed the $10 trillion mark in assets under management. The achievement is a testament to the growing popularity of ETFs and BlackRock's dominance in the space.

iShares, which was founded in 2000, has grown to become the largest ETF provider in the world, with a market share of over 40%. The company's ETFs offer investors a range of exposure to various asset classes, including stocks, bonds, commodities, and currencies.

The $10 trillion milestone is a significant achievement, considering that just five years ago, iShares' assets under management stood at around $5 trillion. The growth is a result of increasing investor demand for ETFs, which offer a cost-effective and flexible way to gain exposure to different markets and asset classes.

"iShares has been a pioneer in the ETF industry, and we're proud to have reached this milestone," said Mark Wiedman, Head of iShares Americas. "ETFs have become an essential tool for investors, and we're committed to continuing to innovate and provide them with the best possible investment solutions."

BlackRock's iShares business has been a major driver of the company's growth, with assets under management increasing by over 50% in the past year alone. The company's ETFs are listed on major exchanges around the world, including the New York Stock Exchange (NYSE), the NASDAQ, and the London Stock Exchange (LSE).

The $10 trillion mark is a significant milestone for the ETF industry as a whole, and it highlights the growing importance of ETFs in the investment landscape. As more investors turn to ETFs for their investment needs, BlackRock's iShares business is well-positioned to continue its growth trajectory.