Spot Bitcoin ETFs have experienced a decrease in inflows, with only 18,477 BTC ($951 million) added across 8 ETFs from 12th to 16th February, compared to the previous week's influx of 47,961 BTC ($2.47 billion). Grayscale, in particular, saw substantial outflows of 9,557 BTC ($492 million). However, it is important to note that spot Bitcoin ETFs collectively attracted a total volume of $1.2 billion, a significant increase of nearly 80% from the initial cumulative volume of $28.3 billion recorded at the start of the month.

This trend indicates a shift in investor sentiment, as spot Bitcoin ETFs have become immensely popular, potentially replacing investments in gold. Since their launch on January 11, billions have poured into these products, while a considerable amount has exited gold ETFs. The departure from gold ETFs has notably accelerated following the introduction of the 10 spot Bitcoin ETFs, highlighting a significant shift in investor sentiment.