Spot Bitcoin exchange-traded funds posted $112 million in net inflows on Friday, a slower pace than earlier in the month as the cryptocurrency moved unevenly around the $106,000 level.

The latest figure suggests investors remained interested in the products, but price volatility appeared to temper the pace of new money entering the market. The slowdown marked the weakest day for inflows in nearly two weeks, according to Reuters.

Bitcoin has been trading in a narrow but choppy range, leaving some investors wary of adding exposure at current levels. Even so, the continued positive flow into spot ETFs shows that institutional demand has not disappeared.

The data reflects a market still balancing strong long-term interest in Bitcoin with near-term uncertainty over price direction. For now, ETF flows remain a key gauge of how much confidence investors have in the asset during periods of turbulence.