According to Eric Balchunas, US-listed ETFs recorded approximately 11 billion dollars of net inflows yesterday, with a large share into US equity funds alongside buying in treasuries and gold based on issuer flow reports, some of which are reported on a same-day T+0 basis, providing a timely gauge, source: Eric Balchunas on X, Nov 14, 2025. Balchunas also highlighted buying interest in the leveraged tech ETF TQQQ, indicating elevated risk appetite among retail-oriented traders, source: Eric Balchunas on X, Nov 14, 2025. He further noted SPY was down about 0.8 percent in premarket trading today, pointing to a softer risk tone into the open, source: Eric Balchunas on X, Nov 14, 2025. For crypto-focused traders, equity risk proxies like SPY and flows into leveraged tech ETFs are commonly tracked due to documented co-movement between crypto assets and US equities in recent years, source: International Monetary Fund, Crypto Prices Move More in Sync With Stocks, 2022.

According to @KobeissiLetter, the VanEck Semiconductor ETF SMH recorded a weekly inflow of $1.3 billion, surpassing its previous high of $1.2 billion from Q1 2022 and more than doubling this year's weekly average, source: The Kobeissi Letter on X, Nov 12, 2025. At the same time, the 3x leveraged Nasdaq 100 fund TQQQ saw $1.2 billion in net inflows, source: The Kobeissi Letter on X, Nov 12, 2025. US-listed ETFs took in $43.0 billion for the week, lifting year-to-date inflows to a record $1.14 trillion, source: The Kobeissi Letter on X, Nov 12, 2025. The source characterizes investor appetite for tech stocks as extremely strong, underscoring concentrated positioning in semiconductors and leveraged Nasdaq 100 exposure, source: The Kobeissi Letter on X, Nov 12, 2025.