List of Flash News about tech sector trends
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2025-05-06 16:29 |
US Technology Funds See $800 Million Weekly Inflows: Crypto Market Impact and 2024 Trends
According to The Kobeissi Letter, US technology funds attracted approximately $800 million in net inflows last week, marking the 7th consecutive week of positive inflows. The 4-week moving average reached about $2.2 billion, nearing its highest point since mid-2024. Year-to-date, investors have allocated $49 billion to tech funds (Source: The Kobeissi Letter, Twitter, May 6, 2025). Sustained capital inflows into US tech funds often signal rising investor risk appetite, historically correlating with increased demand for high-growth sectors including cryptocurrency. Crypto market traders should monitor this tech inflow momentum, as robust tech sector performance frequently spills over into digital asset valuations, potentially driving increased trading volumes and volatility in major cryptocurrencies. |