According to Farside Investors, Franklin's Bitcoin ETF experienced a net outflow of $8.3 million on May 6, 2025, highlighting a notable reduction in investor appetite for this product (source: Farside Investors, Twitter). This outflow could signal shifting sentiment among institutional investors and may contribute to short-term volatility in Bitcoin prices. Traders should monitor ETF flows closely, as persistent outflows typically exert downward pressure on spot BTC prices and can indicate broader market risk-off behavior.