According to CoinMeta, as mentioned by The Kobeissi Letter on X, the net inflow of NASDAQ 100 ETF ( QQQ ) in August reached $10.9 billion, setting a new historical high, surpassing the records of $4.9 billion in July and $9.2 billion in March 2022. Meanwhile, semiconductors ETF ( SMH ) experienced a net outflow of $2.8 billion in August, while software ETF ( IGV ) had a net outflow of $610 million during the same period. Funds are shifting from the semiconductor and software sectors to a broader range of tech stocks.