BlockBeats News, June 27th. The Kobeissi Letter published an article stating that retail investors appear to be shifting from gold and Bitcoin to semiconductor stocks. Data shows that since April, U.S. Gold ETFs and Bitcoin ETFs have seen a combined net outflow of $12 billion, while U.S. Semiconductor ETFs have attracted a total of $20 billion in inflows. This trend accelerated in mid-May, with outflows from gold and Bitcoin funds more than doubling, while inflows into Semiconductor ETFs doubled.

In terms of price performance, the largest U.S. Gold ETF, GLD, has fallen by 13% since early April, while the largest Bitcoin ETF, IBIT, has declined by 12% during the same period. Meanwhile, Semiconductor ETFs SOXX and SMH have risen by 81% and 60% respectively. Retail investors are driving the market in an unprecedented way.