# BlackRock saw the value of its on-chain cryptocurrency portfolio decline sharply in the first quarter of 2026.

*business · news · 2026-04-08 · Finbold*

## Key points

- BlackRock's on-chain crypto portfolio value fell by $20.47 billion in Q1 2026, a 26.12% drop.
- Despite a $16.24 billion valuation drop, BlackRock increased its Bitcoin holdings by 14,950 BTC in Q1 2026.
- BlackRock reduced its Ethereum holdings by 410,750 ETH, marking an 11.82% decrease and a shift to net outflows.
- The Q1 2026 portfolio decline was driven mainly by falling prices, not by large-scale capital outflows.
- BlackRock's crypto holdings reflect ETF client flows, not proprietary trading, with Bitcoin accumulation persisting.

**Companies:** BlackRock
**Countries:** United States

[Read the full story on Finbold](https://finbold.com/blackrock-crypto-portfolio-falls-20-billion-in-q1-2026/)

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