BlackRock's iShares ETF business achieved record first-half flows of $192 billion. - Adjusted earnings per share of $12.05 beat analyst estimates by $1.23. - ETF revenue climbed to $1.9 billion, representing 42% of total fee income.

Shares of BlackRock Inc. shed 5.88% to $1,046.16 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.40% to 6,243.76 and Dow Jones Industrial Average falling 0.

Today's sell-off likely has more to do with profit-taking following the stock's near-40% recovery off of April's lows than anything else. BlackRock shares also came into the day trading around 27 times earnings, while paying a dividend yield just under 2%.

The firm’s strongest inflows were across its bond ETFs, which counted just under $44bn of additions in the period. BlackRock’s crypto and digital asset ETFs also reported $14bn of inflows, as investors push bitcoin and other cryptocurrencies to record highs.

Even as BlackRock posted per-share earnings for the second quarter that topped Wall Street’s forecasts, the firm’s shares fell meaningfully on Tuesday and underperformed the market. Shares fell 6% as the S&P 500 rose 0.

An Asian institutional client pulled $52 billion from the asset manager during the second quarter, crimping net client inflows into the investment firm.

BlackRock Inc. dropped the most since April as revenue and performance fees missed estimates, even as the world’s largest money manager hit a record $12.5 trillion in assets.