Gold and Bitcoin ETFs See $12B Outflows Since April as Retail Flows Surge Into Semiconductor ETFs

IBIT1.01%
SOXX-5.16%
SMH-3.81%
According to The Kobeissi Letter, since April, U.S. gold and bitcoin ETFs have recorded cumulative net outflows of approximately $12 billion, while semiconductor ETFs saw about $20 billion in net inflows during the same period. The shift accelerated in mid-May, with gold and bitcoin ETF outflows tripling and semiconductor ETF inflows doubling. Gold ETF GLD has declined roughly 13% since early April, bitcoin ETF IBIT fell about 12%, while semiconductor ETFs SOXX and SMH gained approximately 81% and 60% respectively.
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