BlackRock’s Bitcoin Gamble: $289M in 1 Hour!

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In a single hour, BlackRock, the titan of finance, poured 289 million dollars into the digital abyss of Bitcoin, while U.S. spot ETFs, those modern-day alchemists, recorded a two-week high of 500 million in inflows, led by IBIT’s siren song.

Large U.S. Bitcoin ETFs, those modern-day alchemists, witnessed a surge of demand this week as BlackRock, the titanic giant of finance, poured 289 million dollars into the digital realm in a single hour.

The activity unfolded during the best single-day inflow for U.S. spot Bitcoin ETFs in two weeks, with total inflows nearing 500 million, as if the market itself were whispering secrets to the wealthy.

BlackRock’s Midnight Dance with Bitcoin

Data revealed that BlackRock, ever the enigmatic player, moved about 4,309 BTC to the iShares Bitcoin Trust (IBIT) wallets on Feb. 26, as if conducting a ritual in the shadows of Coinbase Prime hot wallets.

The movement, a ballet of transactions, unfolded in several batches within the same hour, each step a calculated move in the grand chess game of finance.

Arkham Intelligence and Lookonchain, those modern-day prophets, shared logs of multiple 300 BTC transfers to IBIT-linked addresses, each carrying the weight of 20 million dollars, a fleeting fever in the cold calculus of markets.

Each transfer, a fleeting fever, was valued at around 20 million dollars based on market prices. A smaller transfer of about 108.6 BTC, a mere whisper, was also recorded. The timestamp for these transfers, around 5:45 PM UTC, felt like a secret shared between the stars and the traders.

BlackRock keeps adding more .

In the past hour, received 4,309 ($289.6M).

– Lookonchain (@lookonchain)

BlackRock had previously purchased BTC worth 64.5 million five days earlier, a mere appetizer before the main course. This followed a day after the firm moved 173 million in BTC to Coinbase, as if testing the waters of a digital sea.

Market watchers, those curious souls, tracked this activity because other ETFs reported outflows during that period, a paradox as confusing as a poet’s riddle.

ETF Inflows Reach Two-Week High

SoSoValue, that modern-day oracle, reported that U.S. spot Bitcoin ETFs saw 506.51 million in net inflows on Feb. 25, the highest one-day inflow in two weeks, a crescendo in the market’s symphony.

Total cumulative inflows have now reached about 54.57 billion across all issuers, a testament to the relentless march of digital ambition.

IBIT, the golden child, led the day with 297.37 million in inflows. Fidelity’s FBTC, a distant cousin, recorded 30.09 million, while GBTC, the old guard, posted 102.49 million. BITB from Bitwise added 39.37 million, a modest contribution in the grand scheme.

These figures, like stars in the night sky, show that IBIT continues to attract the most inflows among U.S. spot Bitcoin ETFs, a beacon for the financially daring.

Grayscale and VanEck, those seasoned gamblers, saw inflows of 19.29 million and 15.61 million. ARKB by ARK 21Shares logged 2.29 million, a drop in the ocean of digital gold.

Smaller ETFs, including BTCO, BRRR, EZBC, BTCW, and DEFI, reported no net flows that day, their silence a stark contrast to the clamor of their larger counterparts.

Related Reading: BlackRock Moves $75M in BTC to Coinbase – Dump or Strategy?

Market Reaction and Analyst Views

Bloomberg ETF analyst Eric Balchunas, that astute observer, noted that the renewed inflows arrived after weeks of withdrawals, a tale as old as time, yet still filled with mystery.

He said the rise in interest was well timed for the market, a momentary reprieve in the storm, though he added that it remains unclear whether the trend will form a long-term pattern, a question as elusive as the wind.

Half a bil into bitcoin ETFs yesterday, biggest day in a while, +$750m over past two days, right as obituaries were being published. They needed it too, like a hitter in a slump going yard. YTD is now under $2b in outflows. Unclear still tho if this is legit start to rebound or…

– Eric Balchunas (@EricBalchunas)

Bitcoin, that fickle lover, traded near 66,900 at the time of writing, down 1.6% from the previous day, as if mocking the very investors who had poured their faith into its digital veins.

Charts from TradingView showed that BTC briefly fell below 67,000 during the trading session, a fleeting shadow in the light of progress.

Data from Glassnode suggested that recent profit-taking kept Bitcoin below 70,000, a reminder that even the brightest stars must sometimes retreat into the night.

The firm said that demand slowed near that price level, noting that all recovery attempts in February met resistance near the same range, a cycle as predictable as the tides.

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2026-02-27 10:34