BlackRock Adds $635M Bitcoin in 3 Days
The post BlackRock Adds $635M Bitcoin in 3 Days appeared on BitcoinEthereumNews.com.
BlackRock adds 9,615 BTC worth $635M in three days via Coinbase Prime, despite $32.99M Bitcoin ETF outflow. BlackRock has increased its Bitcoin holdings after recording three consecutive days of inflows. Blockchain data shows the firm received 4,082 BTC worth about $269.41 million from Coinbase Prime. The transfer forms part of a broader three-day net inflow totaling 9,615 BTC valued at approximately $635 million. BlackRock Records Three Consecutive Days of Bitcoin Inflows On-chain tracking services reported that BlackRock received 4,082 BTC in its latest transaction. The Bitcoin was valued at around $269.41 million at the time of transfer. Coinbase Prime facilitated the movement as part of its institutional custody services. Over a three-day period, BlackRock absorbed a total of 9,615 BTC. The combined value of these inflows reached about $635 million based on prevailing market prices. The accumulation occurred through structured ETF-related processes. BlackRock received another 4,082 $BTC($269.41M) from Coinbase Prime. BlackRock has been accumulating $BTC for 3 straight days, with a total net inflow of 9,615 $BTC($635M).https://t.co/qmuDIrPHc6 pic.twitter.com/XQoaiRlwgK — Lookonchain (@lookonchain) February 28, 2026 The asset manager operates one of the largest spot Bitcoin exchange-traded funds. ETF inflows often require the purchase and custody of underlying Bitcoin. These transfers reflect continued investor activity in regulated Bitcoin investment products. ETF Activity Includes Reported $32.9M Bitcoin Sale During the same period, data shows that BlackRock’s ETF sold $32.99 million worth of Bitcoin. ETF sales and purchases can occur simultaneously due to share creations and redemptions. These transactions are part of standard fund operations. While the ETF recorded a sale, the overall three-day net flow remained positive. The total net addition stood at 9,615 BTC despite the reported outflow. Market participants often track both gross and net flows to assess demand. Coinbase Prime continues to serve as a key partner for institutional Bitcoin…
Filed under: News - @ February 28, 2026 12:24 pm