Analysis: Retail investors appear to be shifting funds from gold and Bitcoin to semiconductor stocks.

Jinse Finance reported that on June 27, according to The Kobeissi Letter, retail investors appear to be shifting funds from gold and Bitcoin to semiconductor stocks.
Since April this year, US gold ETFs and Bitcoin ETFs have seen a cumulative net outflow of approximately $12 billion. At the same time, US semiconductor ETFs attracted a cumulative net inflow of about $20 billion during the same period. This trend accelerated further in mid-May, with outflows from gold and Bitcoin funds expanding to more than three times the previous level.
Meanwhile, inflows into semiconductor ETFs doubled.
Additionally, the largest US gold ETF, GLD, has declined 13% since the beginning of April, while the largest Bitcoin spot ETF, IBIT, has fallen 12% over the same period. In contrast, semiconductor ETFs SOXX and SMH have risen 81% and 60%, respectively. Currently, retail investors' influence on market trends is reaching unprecedented levels.
BTC1.03%
SOXX-5.16%
SMH-3.81%
IBIT1.01%
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