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.
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.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
XRP has seen its market capitalization plunge by $13 billion over the last seven days…
Story Highlights The live price of the Injective token is In 2026, INJ’s price jumped…
Story Highlights The live price of the ARB token is . Price predictions for 2026…
Bitcoin has dropped to its lowest level in 82 days, trading near $72,936. It is…
Story Highlights The live price of the BEAM crypto is . Beam is building a…
A crypto savings account on a centralized exchange lets you earn daily interest on idle…
