BlackRock ETF Aggressively Adds BTC
According to the latest data from blockchain analytics platform Lookonchain, on February 27, the ETF address associated with BlackRock continued its Bitcoin accumulation trend.
Within the last hour, the address received 4,309 BTC from Coinbase, valued at approximately $289.6 million. This move highlights the growing confidence among institutional investors in the long-term potential of Bitcoin.
Institutional Inflows Signal Growing Adoption
In recent weeks, as the crypto market shows signs of recovery, institutional participation has notably increased. BlackRock’s latest BTC acquisition underscores the growing acceptance of digital assets by traditional financial players.
- BlackRock ETF address continues to accumulate
- 4,309 BTC withdrawn from Coinbase in one hour
- Institutional confidence in crypto strengthens