Analysts: Gold and Bitcoin ETFs Return to Top 10 Trading Volumes, Signaling AI Frenzy Retreat

August 26 news, Bloomberg ETF analyst Eric Balchunas stated that GLD gold ETF and IBIT bitcoin ETF have returned to the top 10 trading volume rankings, displacing the semiconductor ETFs that had dominated the list throughout the summer. This is another signal that "devaluation trading" is beginning to replace the AI frenzy—investors are shifting from chasing AI growth to allocating in hard assets for value preservation. Semiconductor ETFs still maintain relatively high trading activity, but it has declined compared to the summer peak.