On February 27, 2026, on-chain data showed a cryptocurrency transfer from Coinbase to BlackRock. Monitoring service Lookonchain reports BlackRock’s ETF address received 4,309 BTC. The transaction value totals approximately $289.6 million.
This transfer reflects continuous Bitcoin accumulation by spot ETF issuers. Coinbase acts as the primary custodian for these institutional players.
The movement represents regular operational flows for large-scale investment products. The activity signals ongoing institutional demand for Bitcoin through regulated vehicles.