The post Bitcoin 3% Drop To Fuel ETF Rally? appeared first on Coinpedia Fintech News
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.