BlackRock, the world”s largest asset manager, has significantly cut its exposure to cryptocurrencies, offloading more than $10 billion since the beginning of 2026. According to real-time wallet tracking data from Finbold, the firm”s net digital asset holdings have decreased from $78.36 billion on January 1 to $68.06 billion as of February 4.
The bulk of these outflows can be attributed to Bitcoin (BTC) and Ethereum (ETH), which accounted for approximately $7.79 billion and $2.51 billion of the total, respectively. The remainder of the outflows was distributed among smaller tokens, including SPX. It”s crucial to note that the significant drop in asset value directly correlates with a steep decline in cryptocurrency prices during this timeframe. Specifically, BTC has fallen by 11.1%, while ETH has seen a more pronounced drop of 21.22%.
While the decrease in net exposure is substantial, it is intertwined with the broader market slump, indicating that the decline in holdings does not necessarily equate to outright sales. The firm has reported a reduction of 2,930 BTC and 138,240 ETH within this period.
In stark contrast, BlackRock”s activity in the previous year was markedly different. Over the same timeframe in 2025, the company added $5.16 billion to its holdings, primarily in Bitcoin, which had appreciated by just over 5% in January.
Recent days have seen notable redemptions from BlackRock”s crypto portfolio. On February 2, the firm divested 6,306 BTC valued at around $496.41 million, alongside 58,327 ETH worth approximately $138.23 million. This move represented a staggering 78% of the total daily outflows from U.S. Bitcoin spot ETFs and over 53% of overall Ethereum redemptions on that day.
However, the situation appeared to improve slightly on February 3, as BlackRock”s Bitcoin holdings were reported to be $775 million in the green, while its Ethereum exposure increased by about $100 million.
The ongoing volatility in the cryptocurrency market continues to present challenges, impacting institutional investment strategies as large players like BlackRock adjust their portfolios in response to changing market conditions.
