$BTC $ETH
Returning to their screens after the July 4 hiatus, US traders were faced with a historic decline in Bitcoin (BTC), which saw its price fall more than 10% from pre-holiday levels. Based on ETF data, they decided to cancel the offer.

US spot Bitcoin ETFs received net inflows of $143.1 million on Friday, the highest level of inflows in at least two weeks, according to data compiled by Farside Investors.

Fidelity's Wise Origin Bitcoin Fund (FBTC) led the way, raising $117.4 million in net new money. Other funds with net inflows were Bitwise Bitcoin ETF (BITB), Bitcoin ETF ARK/21 Shares (ARKB) and VanEck Bitcoin Trust (HODL). As usual, the high-fee Grayscale Bitcoin Trust (GBTC) continued to drain assets.

In terms of price action, Bitcoin has seen a very modest rebound since falling from nearly $61,000 on Wednesday to under $54,000 early Friday, and is currently trading back to $56,800. That's down 6% from a week ago and down about 23% from the all-time high above $73,500 set in mid-March.

Concerns about a surge in supply took the blame for the latest price drop as trustees of the defunct Mt. Gox has begun returning 140,000 Bitcoin to former customers, and the German government has apparently decided to sell at least some of the thousands of Bitcoin. it holds.