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Bloomberg data show roughly $17 billion in cumulative outflows from US-listed gold and Bitcoin ETFs this year, mirrored almost exactly by inflows into US semiconductor ETFs as investors chased the AI datacenter and HBM trade. With the chip rally now faltering, that rotation is starting to reverse, which would restore ETF inflow support for gold and BTC while pressuring semiconductor-heavy indices like the NASDAQ and SOX. Watch weekly spot Bitcoin and gold ETF flow data alongside semiconductor ETF redemptions to confirm the rotation is durable rather than a short-term hedge.
As a Research signal, watch whether it changes price action, volatility, or flows around BTC, GC=F, SOXX.
Original Source: 토큰포스트
This page is market information analysis, not investment advice.
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