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

BlockBeats News, on June 27, The Kobeissi Letter posted that retail investors appear to be shifting from gold and Bitcoin to semiconductor stocks. Data shows that since April, U.S. gold ETFs and Bitcoin ETFs have seen a cumulative net outflow of $1.2 billion; during the same period, U.S. semiconductor ETFs have attracted $2 billion in net inflows. This trend accelerated in mid-May, with the scale of outflows from gold and Bitcoin funds increasing by more than twofold, while semiconductor ETF inflows doubled in size.

In terms of price performance, the largest U.S. gold ETF GLD has dropped 13% since early April, and the largest Bitcoin ETF IBIT fell by 12% during the same period. Meanwhile, semiconductor ETFs SOXX and SMH rose by 81% and 60%, respectively. Retail investors are driving the market in unprecedented ways.