Blockchain tracker Lookonchain reports that BlackRock’s ETF wallet received over $289 million in Bitcoin from Coinbase within a one-hour period on February 27.
BlackRock’s Bitcoin exchange-traded fund (ETF) wallet accumulated 4,309 BTC valued at approximately $289.6 million in a single hour, according to data from Lookonchain. The transfer originated from cryptocurrency exchange Coinbase, highlighting continuing institutional-scale inflows into spot Bitcoin ETFs. The move underscores BlackRock’s significant ongoing accumulation of Bitcoin assets as demand for regulated digital investment products strengthens following recent ETF approvals.