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Moving Markets

Chart of the Day 8/14/26: The Great "Hot Money" Migration

The “Hot Money” is always looking for the latest, greatest thing. These days, the evidence suggests momentum traders are abandoning cryptocurrencies…and flocking to AI and semiconductor plays instead!

MoneyShow
By MoneyShow · August 14, 2026
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The Great "Hot Money" Migration

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Start with the MoneyShow Chart of the Day, which shows the 1-year performance of Bitcoin versus the iShares Semiconductor ETF

. No, it’s not much of a contest. Bitcoin is down 48.9%, while the SOXX is up 119.9%.

Weekly Chart August 14

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Source: TradingView

Money flows tell a similar story of shifting enthusiasm. Spot Bitcoin ETFs shed $3.1 billion in assets in the year through June, while the four biggest semiconductor ETFs took in $21 billion. Trading in so-called altcoins on Binance alone sank 80% to $7.7 billion in March from the peak last October.

We’re also seeing more crypto-focused trading firms pivot to trading other asset classes. Wintermute Trading Ltd. is one firm seeking to boost non-crypto revenue to 50% of total sales in 2027 from just 10% now. Long-time crypto exchange Kraken bought NinjaTrader last March for $1.5 billion in what it billed as the “largest-ever deal combining TradFi and crypto.” As for Binance, it started letting users buy US stocks and ETFs directly in its app on June 1.

Is this a permanent shift? Or will crypto have its day in the sun again? It’s too early to tell.

But if you’re a hot money trader yourself, you have to stick with what has momentum if you want to stay ahead of the game. And right now, crypto isn’t it.

If you want to get more articles and chart analysis from MoneyShow, subscribe to our Top Pros’ Top Picks newsletter here

Please note: This is syndicated content and reflects the author’s personal views. It does not represent the opinions of this publication or its affiliates. The article is for informational purposes only and does not constitute investment advice. Always consult a registered financial professional before making any investment decisions.

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