BlockBeats news: On July 31, Bloomberg senior ETF analyst Eric Balchunas posted that, prior to yesterday’s sharp rebound in the semiconductor sector, semiconductor ETFs had attracted approximately $12 billion in inflows. Although semiconductor ETFs account for only about 1% of total ETF assets under management, this week’s inflows represented 25% of the total net inflows into all ETFs.
He noted that speculative traders aggressively bought the dip from Monday to Wednesday and saw returns again after the semiconductor sector rebounded 7% yesterday. Compared to historical inflows into these ETFs, recent data is at an unusually high level, with significant surges in trading activity.
