According to The Kobeissi Letter, US technology funds saw approximately $800 million in net inflows last week, marking the seventh consecutive week of positive momentum. The 4-week moving average surged to nearly $2.2 billion, approaching the highest levels seen since mid-2024. Year-to-date, tech funds have amassed $49 billion in inflows, indicating robust investor confidence and ongoing capital rotation into technology sectors. For cryptocurrency traders, this trend highlights a growing risk-on sentiment in broader markets, potentially signaling increased appetite for digital assets as tech stocks and crypto often exhibit correlated inflows during bullish cycles. (Source: The Kobeissi Letter, May 6, 2025)