1. Core Capital Flows (As of March 7)



Major funds clearly adjusting positions: increasing holdings in Oil and Power Grid; selling media and robotics.

🔼 Increasing positions (Net Inflow)

Oil ETF: Guotai Oil ETF net inflow of 6.598 billion yuan, Penghua Oil ETF 4.847 billion yuan, with a significant increase in shares.

Power Grid Equipment ETF: Net inflow of 6.348 billion yuan, with multiple power grid ETFs reaching new highs in shares.

🔽 Decreasing positions (Net Outflow)

Media ETF: Net outflow of 1.577 billion yuan, with a reduction of 1.443 billion shares.

Robotics ETF: Net outflow of 1.306 billion yuan, with a decrease of 1.271 billion shares.

2. Underlying Logic

Oil: Middle East geopolitical conflicts drive up oil prices, leading to short-term capital inflows; but by the end of the week, some funds began to exit, indicating short-term speculation.

Power Grid: "14th Five-Year Plan" investment in power grids is expected to reach 4.3–4.5 trillion yuan. Policy support + high prosperity + earnings certainty make it a safe-haven and allocation target for funds.

Media/Robotics: Large gains earlier, valuation adjustments; short-term cooling in AI sector; funds taking profits and shifting to value and cyclical sectors.

3. One Sentence Summary

Funds are shifting from high-valuation growth sectors (Media, Robotics) to energy cycle + infrastructure with certainty (Oil, Power Grid), showing a clear style rotation.
#加密市场小幅下跌
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