BlackRock Trading Volume Plummets 60% to 227th Rank Amid Circle Acquisition Plans

On June 2, 2025, BlackRock (BLK) experienced a significant drop in trading volume, with a total of $414 million in shares traded, marking a 60.12% decrease from the previous day. This decline placed BlackRock at the 227th position in terms of trading volume for the day. The stock price of BlackRock also decreased by 0.19%.

BlackRock, the world's largest asset manager, is reportedly planning to acquire approximately 10% of Circle Internet Group's initial public offering. This move underscores BlackRock's strategic push into the stablecoin and digital-assets space, as Circle is a leading stablecoin issuer targeting a valuation of up to $7.2 billion in its upsized U.S. initial public offering. The strong investor appetite for crypto firms and the growing momentum in the stablecoin market are driving this valuation.

Circle's primary revenue source, reserve income from interest on the Treasuries backing its USDC coin, rose 55.1% to $557.9 million in the quarter ended March 31. However, distribution and transaction costs for the period jumped 68.2%, outpacing revenue growth for Circle. Despite these costs, Circle is poised to go public in New York later this week, with plans to raise up to $896 million from 32 million shares priced between $27 and $28 apiece.