TREE NEWS reports: Bloomberg ETF analyst Eric Balchunas notes that store-of-value assets GLD and IBIT have returned to the top 10 most actively traded ETFs, while some semiconductor ETFs have dropped in rankings after dominating through the summer. This shift suggests the currency debasement trade is replacing the AI hype.
GLD & IBIT Rejoin Top 10 Most Active ETFs, Semis Fade
AI take
Balchunas's ranking shift reads less as a verdict on AI and more as a rotation in what traders want to express right now: gold and bitcoin ETFs as debasement hedges, semis as a momentum trade that has cooled. The tell is that both store-of-value vehicles moved together, which points to a macro-driven bid rather than asset-specific flows. Whether semis reclaim their summer dominance or this becomes a durable handoff is the open question.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
6h ago
US Official: Trump May Lean Toward Iran Military Action If GOP Loses Midterms
7h ago
Bangladesh dengue outbreak: October deaths rise to 173, worst month this year
7h ago
Over 40 Million Americans Cast Early Midterm Ballots
7h ago
Russia says it struck Ukrainian energy and logistics infrastructure
7h ago
Iran Said to Be Reviewing Proposals in Letter From US Vice President Vance
7h ago
Chinese Brokers Hold $7.6B in 239 Stocks as Top-10 Shareholders