BlackRock crypto portfolio falls by over $12 billion in early June

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BlackRock Inc. (NYSE: BLK) has seen its crypto portfolio fall by more than $12 billion during the first 11 days of June 2026.

BlackRock’s cryptocurrency holdings have declined by $12.45 billion, down from $64.53 billion on June 1 to $52.08 billion on June 11, according to data from Arkham Intelligence analyzed by Finbold. As a result, the fund manager’s crypto portfolio has declined by 19.29% during this period.

BlackRock crypto portfolio change in early June. Source: Arkham Intelligence

The notable decline in BlackRock’s cryptocurrency portfolio was attributed to its iShares Bitcoin Trust (IBIT). Notably, IBIT has seen its Bitcoin (BTC) holdings drop from 792,000 units on June 1 to 767,180 coins on June 11.  

As such, BlackRock’s Bitcoin holdings have declined by 24,820 BTC, representing a 3.13% fall. With BTC price having dropped by over 14% during this period, BlackRock’s BTC portfolio has fallen by approximately $11.08 billion, from $58.44 billion on June 1 to about $47.38 billion at press time.

Meanwhile, the firm’s iShares Ethereum Trust ETF (ETHA) has offloaded 146,380 Ethereum (ETH) during this period, down from 3.06 million units on June 1 to approximately 2.87 million on June 11. With Ethereum price down over 18% in June, its ETH holdings have fallen by $1.38 billion.

What’s next for the BlackRock crypto portfolio?

The BlackRock crypto portfolio shrank in early June as more investors rushed to capitalize on the SpaceX initial public offering (IPO), as Finbold reported. On Thursday, the firm deposited 2,493 BTC, valued at $157.25 million, and 12,679 ETH, valued at $21 million, into Binance, as per data from Onchain Lens.

However, with the crypto market anticipated to rebound as the precious metal market falls, as Finbold explained, BlackRock’s crypto portfolio is likely to start increasing again in the near future.

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