coinpedia.org
10 November 2026 23:26, UTC
As Bitcoin ($BTC) and Ethereum ($ETH) led the broader crypto market into bearish sentiment over the last few weeks, BlackRock Inc. (NYSE: BLK) saw its cryptocurrency portfolio plunge nearly $5 billion so far in November 2026.
As of press time, BlackRock’s crypto portfolio has reduced by $4.77 billion so far in November, according to data from Arkham Intelligence. At the beginning of this month, BlackRock’s spot exchange-traded funds (ETFs) held crypto worth $71.17 billion.
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BlackRock’s crypto portfolio change so far in November. Source: Arkham Intelligence
Meanwhile, the firm’s cryptocurrency portfolio was at $66.39 billion. The decline was fueled by BlackRock’s iShares Bitcoin Trust (IBIT), which saw its funds decline by $3.89 billion, or roughly 6.09% during this period.
As a result, IBIT had approximately $59.96 billion in net assets, down from $63.85 billion at the beginning of this month. Meanwhile, BlackRock’s iShares Ethereum Trust ETF (ETHA) holdings were worth $6.44 billion, down $883.29 million, or 12.06%, over the past 9 days.
At the start of the month, IBIT held 815,657 $BTC, which had reduced to 796,705 $BTC at the time of writing. During this period, BlackRock had distributed 18,942 Bitcoin, representing a decline of 2.32%.
On the other hand, BlackRock’s ETHA saw its Ethereum holdings drop by 199,957 Ethereum so far in November, hovering at 3.02 million $ETH at the time of publication. The 6.21% reduction in the firm’s Ethereum holdings in November was higher than that of $BTC.
As BlackRock accelerated its Bitcoin and Ethereum sell-off over the past few days, the two crypto assets faced heightened selling pressure.
$BTC and $ETH performance. Source: CoinMarketCap
Specifically, $BTC and $ETH had plunged by 5.21% and 10.36%, respectively, over the past 7 days. Consequently, renewed demand for crypto from institutional investors could fuel bullish sentiment.
