Bitcoin exchange-traded funds (ETFs) recently saw a slight decrease in investments, with outflows totaling $4.3 million on April 18, marking five days in a row of this trend. However, this outflow was the smallest among the past five days, which could indicate a shift in how investors feel about Bitcoin.

Grayscale's GBTC, the biggest Bitcoin ETF, experienced outflows of $90 million on April 18, bringing its total outflows to $16.68 billion. The fund's daily outflows averaged $245.4 million until April 8, showing a slowdown in the rate of outflows.

One possible reason for this slowdown could be the clearer regulations around Bitcoin and the potential for more countries to follow the examples of El Salvador and the Central African Republic in accepting Bitcoin as official currency.

On the other hand, some Bitcoin ETFs saw inflows on the same day. BlackRock's IBIT and Fidelity's FBTC saw inflows of $18.8 million and $37.4 million, respectively. BITB, ARKB, and HODL also experienced inflows, indicating a growing interest among investors.

According to the Bitcoin Spot ETF Cumulative Flow chart, which covers January 21, 2024, to April 14, 2024, the total inflow of Bitcoin Spot ETFs reached approximately $27 billion. Grayscale's GBTC has been the dominant player, accounting for a large portion of this inflow. Other significant ETFs include Valkyrie, Bitwise, Fidelity, BlackRock, VanEck, Ark, Invesco, WisdomTree, and Franklin.

The cumulative inflow showed steady growth from January to mid-March 2024, followed by a faster increase in the second half of March. However, growth slowed down in early April. This chart provides a detailed view of the performance and market share of various Bitcoin Spot ETFs, indicating a significant rise in institutional interest and investment in Bitcoin through regulated vehicles.

Despite the mixed flow trends, Bitcoin ETFs have attracted $12.27 billion in net inflows since their inception, according to Farside's data. The total inflows across all Bitcoin ETFs amounted to $15.39 billion, with an average daily inflow of $226.3 million.

This variety in ETF flows suggests that institutional investors are increasingly seeing Bitcoin as a viable asset class, despite ongoing regulatory uncertainties in many places.