BlackRock, the world’s largest asset manager, has seen billions in crypto exposure disappear since the start of this year. On-chain data shows that the fund’s total digital assets have declined sharply in a short period of time.
According to data from blockchain analytics platform Arkham, BlackRock’s total crypto exposure has fallen from over $78 billion at the beginning of this year to around $68 billion currently. This means that more than ten billion dollars in value has disappeared in a short time.
Bitcoin and Ethereum cause the biggest decline
Most of the decline is accounted for by Bitcoin (BTC) and Ethereum (ETH). BlackRock’s Bitcoin position decreased by almost $8 billion, while its Ethereum exposure fell by more than $2 billion.
It is striking that this decline cannot be entirely attributed to sales. The crypto market has been under pressure for weeks. The Bitcoin price fell by more than eleven percent during this period, while Ethereum lost more than twenty percent. As a result, a large part of the loss is simply the result of lower prices.
At the same time, the wallet data does show that BlackRock holds fewer coins. The fund owns thousands of Bitcoin and more than a hundred thousand Ethereum less than at the beginning of the year. This indicates that in addition to price falls, there is actually an outflow.
A big contrast
The current situation is in stark contrast to the same period a year ago. Then BlackRock expanded its crypto position by several billion dollars, especially in Bitcoin. The Bitcoin price rose slightly at the time, which resulted in a positive net result.
Now the picture is completely different. The combination of lower prices and outflows creates uncertainty among investors. BlackRock’s moves are closely watched as they are often seen as a gauge of institutional confidence in the crypto market.
Source: https://newsbit.nl/blackrock-dumpt-voor-10-miljard-dollar-aan-crypto-sinds-start-van-2026/
