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

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.