The end of the week brought further outflows from spot Bitcoin (BTC) exchange-traded funds (ETFs), bringing the total net outflow of these products to more than $544 million. On June 21, spot Bitcoin ETFs saw net outflows of $105.9 million, according to Farside Investors. Most of these outflows came from three major funds: Fidelity Wise Origin Bitcoin Fund (FBTC) with $44.8 million, Grayscale Bitcoin Trust (GBTC) with $34.2 million, and ARK 21Shares Bitcoin ETF (ARKB) with $28.8 million. However, not all ETFs followed this trend. Franklin Bitcoin ETF (EZBC) bucked the trend with an inflow of $1.9 million on the same day. BlackRock's iShares Bitcoin Trust (IBIT), the largest Bitcoin ETF, remained neutral with no significant changes. The cryptocurrency market has experienced increased fear, uncertainty and doubt (FUD), reflecting the price of Bitcoin falling below $64,500. There is also on-chain data that shows significant activity among Bitcoin whales. According to the information shared by CryptoQuant CEO Ki Young Ju on X, whales sold approximately $1.2 billion worth of BTC in the last two weeks. This cash outflow trend coincided with negative net flows in spot BTC ETFs. Bitcoin's price has faced difficulties in recent weeks. On June 21, Bitcoin's value dropped to $63,500. According to CoinGecko, it added approximately $750 in the last 24 hours. However, the coin has fallen 7.2% over the last 14 days, reflecting ongoing volatility in the market. 📉