Mike Larson | Editor-in-Chief

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!

Start with the MoneyShow Chart of the Day, which shows the 1-year performance of Bitcoin versus the iShares Semiconductor ETF (SOXX). No, it’s not much of a contest. Bitcoin is down 48.9%, while the SOXX is up 119.9%.

Bitcoin Vs. SOXX (1-Yr. % Change)

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.

Where is Your Next BIG Trade Waiting for You? In the US…or Canada?

Traders are always looking for opportunities. So, is your next big trade waiting for you here in the US…or north of the border in Canada?

I sat down with Tom Bruni, director of community and content for the CMT Association, and Sid Mokhtari, executive director at CIBC World Markets, to get answers in this week’s MoneyShow MoneyMasters Podcast.

Tom explains why improving market breadth and healthy sector rotation continue to support the broader bull-market case for the S&P 500 Index (^SPX), even as leadership shifts away from the biggest technology names. Mokhtari highlights why the S&P/TSX Composite Index (^TSX:CA) has been outperforming, pointing to Canada’s heavier exposure to financials, energy, gold, and other value-oriented sectors. Check out the episode for more. 

Tom Bruni is one of the US’ top technical analysts. Philip MacKellar is a leading contrarian stock picker. Fausto Pugliese is a star trading educator with decades of experience. And David Rosenberg is one of Canada’s most accomplished market strategists.

They have one thing in common: They’re ALL converging on the MaRS Centre for our 2026 MoneyShow Masters Symposium Toronto — and they’ll bring their best portfolio ideas with them! Want a seat at the table Sept. 24-25? Then tap this button TODAY…

🤖 📈 Discover the “Human-AI Edge” – and how to profit in this evolving market – at the 2026 MoneyShow Masters Symposium San Francisco! Click HERE to learn more about the Aug. 25-28 conference at the Fairmont San Francisco.