BlockBeats News, July 31st, Bloomberg's Senior ETF Analyst Eric Balchunas wrote that before yesterday's sharp rebound in the semiconductor sector, the Semiconductor ETF had attracted approximately $12 billion in inflows. Despite the Semiconductor ETF accounting for only about 1% of the total ETF assets under management, the inflows this week represented 25% of the total ETF net inflows.
He stated that speculators had aggressively bought the dip during the decline from Monday to Wednesday and were rewarded again after yesterday's 7% rebound in the semiconductor sector. Compared to the historical inflows into these ETFs, the recent data is at an unusually high level, indicating a significant increase in related trading activity.
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