Svmuu News: An analysis published by The Kobeissi Letter points out that since April, U.S. gold and Bitcoin-related ETFs have seen cumulative net outflows of approximately $12 billion, while semiconductor ETFs recorded net inflows of about $20 billion during the same period, indicating a clear concentration of capital in the technology growth sector.This trend accelerated further in mid-May: outflows from gold and Bitcoin ETFs more than tripled, while inflows into semiconductor ETFs doubled.In terms of market performance, GLD, the world’s largest gold ETF, has fallen by about 13% since early April, while the Bitcoins ETF (IBIT) has declined by about 12% over the same period; in contrast, the semiconductor ETFs SOXX and SMH have risen by about 81% and 60%, respectively.Analysts believe the current market is experiencing a clear “shift in risk appetite,” with retail investor funds accelerating their flow from safe-haven and crypto assets toward high-growth semiconductor and AI-related sectors, driving the market forward in an unprecedented manner.