Returning to their screens after the July 4 holiday, US traders encountered a historic decline as the price of Bitcoin {{BTC}} fell more than 10% from its pre-holiday level. Based on ETF data, they decided to increase the bid. 😲

U.S.-based spot bitcoin ETFs saw net inflows of $143.1 million on Friday, the highest level of inflows in at least two weeks, according to figures compiled by Farside Investors. 📈

It was led by Fidelity's Wise Origin Bitcoin Fund (FBTC), which received $117.4 million in net new money. Other funds with net inflows were Bitwise Bitcoin ETF (BITB), ARK/21 Shares Bitcoin ETF (ARKB), and VanEck Bitcoin Trust (HODL). As usual, the high-fee Grayscale Bitcoin Trust (GBTC) continued to bleed its holdings. 🚀

When it comes to price action, Bitcoin saw a very modest bounce after falling from almost $61,000 on Wednesday to $54,000 early on Friday, currently back at $56,800. This represents a 6% decline from week-ago levels and a nearly 23% decline from the all-time high of $73,500 set in mid-March. 😅

Blamed for this latest price drop is the bankrupt Mt. Gox exchange, trustees returned 140,000 bitcoins to former customers and the German government moved to sell thousands of bitcoins. 😱

What do you think about this? We are waiting your comments!#DeFi#Web3 🚀🌕