It's been one of the most harrowing weeks in the young, freewheeling crypto world.
All 23 IPOs that Robinhood opened up to its customers have declined by double-digit percentages.
The new service will offer custody and trading for bitcoin and ethereum.
The firm met its goal of hiring 12,000 new employees by the end of the third quarter.
The company has been negotiating over Brown Brothers Harriman's investor services unit.
Investors pulled money from several BlackRock offerings, including equities and cash management.
The online brokerage also won a ruling in May dismissing antitrust claims.
The state's securities regulators said the firm violated anti-money-laundering and cybersecurity rules.
BlackRock's assets under management totaled $8.5 trillion on June 30, the lowest in almost two years.
Net inflows into the firm's core investment products were $40 billion less than analysts expected.