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BlackRock Adds $289M in BTC as Bitcoin ETFs Log 2-Week High Inflows Of $500M

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On Feb. 26, BlackRock purchased roughly 4,309 $BTC, valued at around $289.6 million, within just one hour. The transfers were from the Coinbase Prime hot wallets to the iShares Bitcoin Trust (IBIT) wallets. The move occurred amid the largest daily inflows into U.S. spot Bitcoin ETFs in the last two weeks.