Despite the price of bitcoin falling as low as $54,000 in recent days, down about 25% from its peak above $73,000 in March, spot bitcoin ETFs had their strongest day of inflows for a month on July 5. 

Four out of the 11 top spot bitcoin ETFs saw inflows totaling over 2,500 BTC, worth about $143 million at current prices, with about 80% of that sum going to Fidelity's FBTC fund. The ETF offerings from Bitwise (BITB), Ark 21Shares (ARKB), and VanEck (HODL) drew the remainder of the inflows, while Grayscale's GBTC saw 500 BTC of outflow, worth about $29 million, according to Coinglass data. The remaining ETFs saw no significant change. 

The net inflow value is the highest single-day sum since June 6; however, early June saw significant inflows to the ETFs, with $1.7 billion in …