Binance Equity Flows Rebound to $90M as Semiconductors Recover

Weekly Equity Flows Return to Positive Territory

Total net flow reached US$90 million for the latest reporting period, compared with approximately -US$0.3 million during the previous week. Fixed-income products also returned to positive territory, generating US$5.7 million compared with a US$0.1 million outflow previously.

Defensive flows doubled from US$1.2 million to US$2.4 million, while the QQQ benchmark declined during the period. The data therefore continued to show a pattern in which weaker equity-market performance coincided with renewed capital deployment across Binance's equity products.

The US$90 million inflow was still below the US$139 million average recorded across eight down weeks, as well as the much larger US$275 million inflow recorded on July 29. The latest result therefore represents a recovery rather than the strongest inflow period in the series.

Technology Leads the Sector Rebound

Technology generated approximately US$40.2 million in inflows, reversing an outflow of roughly US$40 million in the previous week. That represents an approximately US$80 million weekly swing and made technology the largest sector contributor.

Financial Services ranked second with around US$29 million, compared with approximately US$7 million previously. Circle and Strategy were among the major contributors to the sector's activity.

Industrials also remained positive at approximately US$15.1 million, although that was lower than the roughly US$23 million recorded during the previous week. Consumer Cyclical added around US$4 million, while smaller positive contributions came from Utilities and Fixed Income.

Communication Services moved in the opposite direction, recording approximately US$6 million in outflows after a US$3 million inflow in the prior week. Basic Materials also weakened toward flat levels.

Semiconductor Buying Makes the Biggest Turnaround

The strongest industry-level reversal came from Semiconductors.

The industry attracted approximately US$33.9 million in net inflows, compared with a US$55.4 million outflow in the previous week. The change made semiconductors the leading industry contributor and marked the clearest shift in the week's equity-flow data.

Capital Markets followed with approximately US$29 million, while Software and Industrials recorded roughly US$10 million and US$8 million, respectively. Aerospace & Defense also remained positive at about US$7 million, with Rocket Lab accounting for a significant portion of that activity.

Technology Hardware, however, remained negative at approximately US$10 million, making it the primary technology-related offset to the semiconductor recovery.

The semiconductor reversal also fits within Binance's broader expansion of its equity offering. Binance says eligible users can trade thousands of listed stocks and ETFs, with its stock-trading service currently offering access to more than 7,000 listed stocks and ETFs.

Circle, SanDisk and NVIDIA Among Leading Stocks

At the individual-stock level, Circle generated the largest inflow at approximately US$19 million.

SanDisk followed with about US$16 million, while Rocket Lab attracted approximately US$15 million and NVIDIA recorded around US$14 million. Strategy brought in roughly US$6.5 million, while Micron and BNC recorded approximately US$6 million and US$5.7 million, respectively.

A notable reversal came from SK Hynix. The stock moved from an approximately US$74 million outflow in the previous week to an estimated US$2.4 million inflow in the latest period.

Together, Circle, SanDisk, Rocket Lab and NVIDIA generated approximately US$64 million in combined inflows. The leading names also represented several different themes, including financial services, semiconductors, aerospace and artificial intelligence infrastructure.

ETF Demand Also Strengthens

ETF flows turned more positive during the week, particularly across leveraged and broad-market products.

SOXL led the ETF table with approximately US$8 million in inflows, reversing an estimated US$4 million outflow in the previous week. QQQ followed with around US$5.5 million, while KORU and BOXX attracted approximately US$5 million and US$4.5 million.

The memory-focused ETF SNXX also changed direction, recording approximately US$3.3 million of inflows after around US$3 million of outflows previously. Other ETFs recording smaller positive flows included VOO, TQQQ, BMNU, SOXX and SPY.

The return of capital to SOXL and TQQQ was particularly notable because both provide leveraged exposure. The shift came alongside renewed demand for semiconductor-related products, indicating that ETF activity was an important component of the broader weekly recovery.

Binance's stock platform supports both stocks and ETFs, with the company stating that eligible users can access these products alongside crypto through a single account.

Fund Flows Become More Diverse

The distribution of capital across individual stocks also became broader.

The top 10 stocks accounted for just 7% of total net flows, down from 26% in the previous week. This suggests that the US$90 million inflow was spread across a wider range of assets rather than being dominated by a small group of the largest positions.

At the same time, the HHI concentration index increased from 0.12 to 0.32. The combination means that the two concentration measures moved differently: the top-10 share declined while the HHI measure indicated greater concentration under its methodology.

This distinction is important when interpreting the data. The weekly flows were not dominated by only a handful of leading stocks, but capital was still concentrated to some extent across particular sectors and individual assets.

What the Latest Data Shows

The September 10–16 period highlights three major developments in Binance's equity-flow data: the return of positive overall flows, the sharp recovery in semiconductor demand and renewed interest in ETFs.

Technology moved from a major outflow to the largest sector inflow, while semiconductor exposure recorded the most significant industry-level turnaround. Financial Services also strengthened, supported by flows into Circle and Strategy.

Crypto-linked stocks remained part of the broader activity, while AI infrastructure-related names such as NVIDIA, Broadcom, SK Hynix and Nebius continued to attract capital across different parts of the technology ecosystem.

Binance Research publishes market and equity-related analysis through its official Research platform, which provides its broader market and sector research.

A Broader Recovery, But With Mixed Signals

The latest US$90 million inflow represents a clear improvement from the previous week's near-zero result. However, it remains below several of the stronger inflow periods recorded during the broader series.

The combination of semiconductor buying, renewed ETF demand and wider stock participation shows that capital was moving across multiple parts of the equity product suite rather than being restricted to one individual theme.

The weekly data should therefore be viewed as a snapshot of Binance equity-product activity rather than a forecast of future market performance. Binance also notes that its securities products and availability vary by jurisdiction, while its Terms of Use and Risk Warning provide additional information about applicable conditions and risks.