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…