BlackRock crypto ETF holdings drop $2.94B in H1 2026

AI Market Summary
BlackRock-managed crypto ETF holdings fell $2.94B (-37.5%) in H1 2026, shifting from strong H1 2025 growth to net outflows and signaling a near-term reversal in institutional risk appetite. Bitcoin's nominal value dropped $2.34B despite a small increase in units, implying price-driven drawdown, while Ethereum saw both sharp value loss (-57.7%) and reduced units (-11.8%), highlighting weaker demand and relative underperformance.
Impact level
● High
Affected assets
BTC/USDT+0.40%
AI Insight · BTC/USDTAI Insight
▼ Bearish
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In the first half of 2026, the total value of crypto ETF holdings managed by BlackRock fell to $4.898 billion from $7.836 billion, a decline of $2.938 billion (-37.5%). The notional value of its Bitcoin holdings dropped by $2.343 billion (-34.43%), even as the position size increased 1.94%. Ethereum saw a steeper pullback: holdings value slid $595 million (-57.71%) and the number of coins held decreased 11.82%. The sharpest decline came in Q1, when ETH was hit by both falling prices and reduced exposure. After gaining $2.391 billion in H1 2025, the shift to sizable net outflows in H1 2026 points to a temporary reversal in institutional allocation appetite.