Viewpoint: Retail investors rotate from gold and Bitcoin to semiconductor ETFs, market risk appetite shifts

CoinFeed June 27 news, The Kobeissi Letter published an analysis pointing out that since April, U.S. gold and Bitcoin-related ETFs have seen cumulative net outflows of about $12 billion, while semiconductor ETFs recorded about $20 billion in net inflows over the same period, with funds clearly concentrating in tech growth sectors. This trend accelerated further in mid-May: outflows from gold and Bitcoin ETFs more than tripled, while inflows into semiconductor ETFs doubled. In terms of market performance, the world's largest gold ETF GLD has dropped about 13% since early April, and Bitcoin ETF IBIT fell about 12% over the same period; in contrast, semiconductor ETFs SOXX and SMH rose about 81% and 60% respectively.