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CryptoMediumUpdated×5•Originally published 26 February 2026•Updated 26 February 2026•

1 min read

BlackRock Buys $289.6M in Bitcoin in One Hour as ETF Inflows Accelerate

Key Facts

1Bitcoin spot ETFs recorded net inflows exceeding $506 million.

2These inflows represent the highest level recorded in the past 3 weeks.

5 months ago

Version History

Version 55 months ago

What changed: BlackRock significantly increased its Bitcoin holdings with a $289.6 million purchase on February 26, marking a high-velocity institutional inflow into the IBIT fund following the previous week's gains.

Version 45 months ago

What changed: Added cumulative weekly inflow totals for BTC and ETH ETFs, identified February 25 as the peak inflow day, and contextualized the data as the first weekly gains for the month of February.

Version 35 months ago

What changed: The story was updated to include specific fund provider breakdowns led by BlackRock and expanded to cover positive inflow data for Ethereum, Solana, and XRP products.

Version 25 months ago

What changed: Updated the story to highlight that the $506 million inflows represent a three-week high.

Version 15 months ago

What changed: Updated to include Bitcoin reclaiming $68,000 and breaking a five-week outflow streak that totaled $3.8 billion.

BlackRock significantly bolstered its Bitcoin holdings on February 26, purchasing approximately 4,309 BTC valued at $289.6 million within a single hour. These asset transfers were executed from Coinbase Prime hot wallets to the iShares Bitcoin Trust (IBIT) wallets, signaling high-velocity institutional demand. This massive purchase follows a successful week where Bitcoin spot ETFs recorded their first weekly gains in February, with total net inflows reaching $560.41 million. BlackRock’s IBIT fund remains the primary driver of this momentum, helping the leading cryptocurrency maintain critical price levels above $68,000. Institutional interest also extended to Ethereum and Solana, reflecting a broader stabilization across the digital asset ecosystem. This shift marks a significant recovery in market sentiment following $3.8 billion in outflows over previous weeks.