Bitcoin 3% Drop To Fuel ETF Rally?

Friday marked the biggest buying spree of the month, as Bitcoin ETFs witnessed substantial inflows. With the ARK 21Shares, ARKB led the charge with a $203M inflow, buying 3,086 BTC, while BlackRock’s IBIT followed with $112M and 1,697 BTC. Despite the overall positive trend, the weekend for Bitcoin marks a negative end and starts the new week on bearish footings of 1.69% intraday fall. This marks a 3% drop from the local high of $66,508.  However, the sudden drop is likely to lead to additional buying at a discount, based on the bullish stance of ETFs.