Investors Plow $7.4B into Semiconductor ETF After SpaceX IPO
SMH•Last week investors poured $7.4 billion into the VanEck Semiconductor ETF SMH, making it the third-largest weekly ETF inflow after IVV and XLK. Total net U.S. equity ETF flows amounted to $83 billion, underscoring strong tech demand following the SpaceX IPO.
1. Weekly ETF Inflows Breakdown
U.S. equity ETFs attracted $83 billion in net inflows last week, with the iShares Core S&P 500 ETF leading all funds. The Technology Select Sector SPDR Fund drew $8.3 billion, while the VanEck Semiconductor ETF SMH took in $7.4 billion, highlighting robust tech demand.
2. Impact on SMH
The $7.4 billion inflow boosts SMH’s asset base and enhances its market liquidity. Increased investor interest following the SpaceX IPO may narrow bid-ask spreads and improve tracking efficiency for semiconductor exposure.
