Home / BlackRock News: Texas ETF Launch & 2030 Revenue Goals

BlackRock News: Texas ETF Launch & 2030 Revenue Goals

By: Jasmin Espinas
June 24, 2025

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BlackRock, one of the largest global investment firms, manages trillions in assets and maintains significant influence across institutional and retail investment sectors. In recent BlackRock news, the company has launched its Texas ETF, targeting local economic trends and state-specific opportunities.

Alongside this rollout, BlackRock has also laid out its revenue objectives through 2030.

Latest BlackRock News: Texas ETF Launch Targets Booming Regional Growth Opportunities

BlackRock announced on Tuesday, June 24, the launch of a Texas-focused exchange-traded fund, aimed at capturing the state’s accelerating economic momentum.

Today, BlackRock launched the @iShares Texas Equity ETF (TEXN), opening greater access to invest in the strength and diversity of the Texas economy through the efficiency and convenience of an exchange-traded fund. Learn more about TEXN here: https://t.co/CfkgULcRuz pic.twitter.com/ef57KUcbOA

— BlackRock (@BlackRock) June 24, 2025

The ETF, called iShares Texas Equity, will focus on companies headquartered in Texas.

Texas now accounts for one in ten publicly traded U.S. companies. Since 2015, over 300 companies, including Tesla, SpaceX, Oracle, and Hewlett-Packard Enterprise, have moved operations to the state.

In this BlackRock news, the firm reported managing nearly $380 billion in assets tied to public companies in Texas. These assets include $115 billion linked to oil and gas.

At the same time, the new fund aims to build on this existing exposure by offering investors direct access to Texas’s expanding corporate landscape.

BlackRock News: BlackRock Eyes $35B Revenue by 2030 With Private Market Expansion

In this round of BlackRock news, BlackRock is targeting $35 billion in revenue by 2030, up from $20 billion in 2023.

At the same time, BlackRock plans to double its market cap to $280 billion.

Today, we are hosting our 2025 Investor Day, which offers a look into BlackRock’s long-term vision. Our leadership team shares how we’re positioning the firm to be stronger, more resilient, and drive greater value for clients and stakeholders through 2030 and beyond. pic.twitter.com/Tb4uV3rutk

— BlackRock (@BlackRock) June 12, 2025

The firm expects private markets and technology to drive at least 30% of total revenue within this timeframe.

BlackRock also emphasized how recent acquisitions in infrastructure, private credit, and data, totaling over $28 billion, support this strategy.

The company finalized its $3.2 billion purchase of UK data provider Preqin in March, adding to its tools for expanding in private markets.

In addition, executives said the firm plans to raise $400 billion in cumulative private capital by the end of the decade.

These investments command higher fees than their public market offerings, like ETFs, and are central to its growth plan.

BlackRock also aims to lead the cryptocurrency asset space, following its early entry into spot bitcoin ETFs approved by the SEC in early 2024.

Conclusion

BlackRock is expanding its reach across private markets, data infrastructure, and digital assets while aiming for substantial revenue growth by 2030.

Recent moves show a shift toward higher-margin segments. However, execution and market conditions will influence how the company’s plans will materialize.

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