The post BlackRock crypto portfolio falls $20 billion in Q1 2026 appeared on BitcoinEthereumNews.com.

BlackRock, the world’s largest asset manager, saw the value of its on-chain cryptocurrency portfolio decline sharply in the first quarter of 2026, as falling prices offset continued Bitcoin (BTC) accumulation and ongoing Ethereum (ETH) outflows. Between January 1 and March 31, 2026, the combined value of BlackRock’s Bitcoin and Ethereum holdings dropped from $78.36 billion to $57.89 billion, representing a $20.47 billion decrease, or a 26.12% decline, based on data calculated by Finbold from blockchain analytics platform Arkham. The decline was driven primarily by market conditions rather than capital exiting the portfolio, with Bitcoin holdings increasing over the period while Ethereum exposure contracted. Bitcoin accumulation continues despite $16 billion valuation drop Bitcoin remained the dominant component of BlackRock’s crypto allocation, though its dollar value declined significantly due to price pressure. Over the quarter, Bitcoin prices fell from $88,341 to $65,982, a 25.31% decline. As a result, the value of BlackRock’s BTC holdings dropped from $68.05 billion to $51.81 billion, representing a $16.24 billion decrease. Despite the drawdown, BlackRock continued to accumulate Bitcoin. Holdings increased from approximately 770,290 BTC to 785,240 BTC, an addition of 14,950 BTC, or 1.94% growth during the quarter. The divergence between rising holdings and falling value highlights that the decline was largely price-driven rather than the result of net selling. Ethereum declines reflect both price pressure and net distribution Ethereum experienced a more pronounced contraction, with both price declines and reduced holdings contributing to the drop in valuation. ETH prices fell from $2,966 to $1,983, marking a 33.12% decline over the quarter. At the same time, BlackRock reduced its Ethereum holdings from approximately 3.47 million ETH to 3.06 million ETH, a decrease of 410,750 ETH, or 11.82%. In dollar terms, Ethereum exposure declined from $10.31 billion to $6.08 billion, representing a $4.23 billion decrease. Unlike Bitcoin,…

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Filed under: News - @ April 8, 2026 10:26 am