Semiconductor ETFs attract $12 billion in inflows ahead of a 7% rally

iconKuCoinFlash
Share
AI summary iconSummary
Semiconductor ETF inflows reached $120 billion prior to a 7% market rally on July 31, according to Bloomberg’s Eric Balchunas. Despite accounting for only 1% of total ETF assets, the sector captured 25% of net inflows this week. Traders aggressively bought during the three-day decline and realized gains following the rebound.

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.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.