Core Viewpoint - XRP has experienced a volatile start to October but is currently trading flat around $2.43, with a slight decline of 1.5% over the past 24 hours. On-chain data and market sentiment indicate a potential turnaround for XRP may be approaching [1]. Group 1: Market Activity - Large holders, or whales, have been transferring significant amounts of XRP to centralized exchanges since early October, with a notable increase in deposits on Binance starting from October 1 and peaking on October 11 [1]. - This influx of XRP to exchanges typically signals selling pressure, as large holders may be taking profits or mitigating risk [2]. Group 2: Sentiment and Recovery Indicators - XRP's crowd sentiment has dropped to its lowest level in nine months after prices fell below $1.90 earlier this month, indicating retail investors are capitulating and selling at losses [3]. - Historically, extreme pessimism in market sentiment has often marked market bottoms, and XRP's price rebounded above $2.50 just ten days later, suggesting a potential recovery phase [4]. - Analysts note that when retail fear peaks, institutional accumulation often follows, indicating that the current price setup could present an opportunity for long-term investors [4]. Group 3: Institutional Interest and ETF Developments - CoinShares reported $73.88 million in net inflows to XRP investment products last week, reflecting renewed institutional interest in XRP [5]. - Major asset managers, including Grayscale, Bitwise, and WisdomTree, are awaiting key SEC decisions on their proposed spot XRP ETFs, with the potential resolution of a government shutdown possibly accelerating the ETF approval process [5]. - Analysts predict that if ETF approvals occur, XRP could enter a significant bull run by the end of 2025 [5]. Group 4: Price Predictions - A popular trader noted that XRP remains oversold on the weekly chart, suggesting it could challenge its all-time high of $3.84 soon [6].

Market Overview - The Shanghai Composite Index rose 1.36% to close at 3916.33 points, the Shenzhen Component Index rose 2.06% to close at 13077.32 points, and the ChiNext Index rose 3.02% to close at 3083.72 points. The total trading volume of A-shares in the two markets was 1892.9 billion yuan. The top-performing sectors were communication (4.90%), electronics (3.50%), and building decoration (2.36%), while the worst-performing sector was coal (-1.02%) [2][6] Stock ETF - The top-traded stock ETFs were Huaxia Shanghai Stock Exchange Science and Technology Innovation Board 50 ETF (up 2.78% with a discount rate of 2.82%), E Fund ChiNext ETF (up 3.06% with a discount rate of 3.04%), and Huaxia CSI A500 ETF (up 1.85% with a discount rate of 1.71%) [3][7] Bond ETF - The top-traded bond ETFs were Haifutong CSI Short-term Financing Bond ETF (down 0.00% with a discount rate of -0.00%), Huitianfu CSI AAA Science and Technology Innovation Bond ETF (down 0.01% with a discount rate of -0.21%), and Southern CSI AAA Science and Technology Innovation Corporate Bond ETF (up 0.07% with a discount rate of -0.06%) [4][9] Gold ETF - Gold AU9999 rose 1.32% and Shanghai Gold rose 2.00%. The top-traded gold ETFs were Huaan Gold ETF (up 2.40% with a discount rate of 1.81%), Boshi Gold ETF (up 2.35% with a discount rate of 1.78%), and E Fund Gold ETF (up 2.35% with a discount rate of 1.81%) [12] Commodity Futures ETF - Dacheng Non-ferrous Metals Futures ETF rose 0.11% with a discount rate of 0.23%, Jianxin Yisheng Zhengzhou Commodity Exchange Energy and Chemical Futures ETF rose 0.33% with a discount rate of -0.24%, and Huaxia Feed Soybean Meal Futures ETF rose 0.36% with a discount rate of 4.08% [15] Cross-border ETF - The previous trading day, the Dow Jones Industrial Average rose 1.12%, the Nasdaq Composite rose 1.37%, the S&P 500 rose 1.07%, and the German DAX rose 1.80%. Today, the Hang Seng Index rose 0.65% and the Hang Seng China Enterprises Index rose 0.76%. The top-traded cross-border ETFs were E Fund CSI Hong Kong Securities Investment Theme ETF (up 2.23% with a discount rate of 2.56%), GF CSI Hong Kong Innovative Drugs ETF (up 1.30% with a discount rate of 1.34%), and Huatai-PineBridge Hang Seng Technology ETF (up 2.16% with a discount rate of 2.44%) [17] Money Market ETF - The top-traded money market ETFs were Yin Hua Ri Li ETF, Hua Bao Tian Yi ETF, and Money Market ETF Jian Xin Tian Yi [19]

ETFs and Investment Products - 21Shares files S-1 with the SEC to launch an $INJ ETF [1] - BlackRock to launch its first Bitcoin-linked fund in the UK [2] Company Activities and Investments - Coinbase CEO confirmed Coinbase bought the UpOnlyTV NFT, signaling UpOnlyTV's return [1] - Ripple-backed Evernorth plans a US listing, aiming to raise over $1 billion and build the largest public $XRP treasury [1] - Blockchain[dot]com aims for a US stock listing via SPAC [2] - Strategy bought 168 $BTC worth ~$188 million, increasing their total holdings to 640,418 $BTC [2] Cryptocurrency and Blockchain Developments - Gemini introduced a Solana credit card, offering up to 4% back in $SOL with automatic staking for rewards [2] - BitMine Immersion claims to hold 324 million $ETH, worth $134 billion [2] - Solana founder Anatoly Yakovenko is building a new perp DEX called Percolator [2] Regulatory and Industry Events - The Federal Reserve will host its Payments and Digital Asset Innovation Conference on October 21 [2]

This desire for compute has seen companies pivot. Cool. We've Once Upon a Time was a crypto miner and now it's a key neo cloud.What are you making of all those trying to ride that wave and hiring key executives to do so. Look, at the end of the day, you're going to go where you know, whoever pays you the most and where you can sell the highest price. And to your point, the Bitcoin miners have a secured grid power.It gives them that strategic advantage. If you think about data center space. And so I think ri ...

⚡️ NEW: VanEck has filed for the VanEck Lido Staked ETH ETF. https://t.co/CYgFZ7wBec ...

Report Industry Investment Rating No relevant information provided. Core Viewpoints of the Report The report comprehensively analyzes the secondary market and ETF products from multiple perspectives, including the performance of major indices, the market performance of different types of ETFs, their fund flows, trading volumes, margin trading, and new product launches during the sample period from October 13 to October 17, 2025 [1][20]. Summary by Relevant Catalogs 1. Secondary Market Overview - **Index Performance**: SGE Gold 9999, S&P 500, and Nikkei 225 had the top weekly returns, at 10.71%, 1.70%, and -1.05% respectively. The PE valuation quantile of CSI 300 was the highest at 95.88%, while that of CSI 2000 was the lowest at 86.83% [10]. - **Industry Performance**: Among Shenwan primary industries, Bank, Coal, and Food & Beverage had the top returns, at 4.89%, 4.17%, and 0.86% respectively. Electronics, Media, and Automobile had the lowest returns, at -7.14%, -6.27%, and -5.99% respectively. The industries with the highest valuation quantiles were Coal, Utilities, and Non - Ferrous Metals, at 99.59%, 97.94%, and 97.53% respectively [16]. 2. ETF Product Overview 2.1 ETF Market Performance - **By Product Type**: Commodity ETFs had the best average performance, with a weighted average return of 10.90%, while QDII ETFs had the worst, at -5.03%. - **By Listing Plate**: ETFs corresponding to Japanese stocks had better performance, with a weighted average return of 1.63%. Science and Technology Innovation Board - related and Hong Kong stock ETFs had poor performance, with weighted average returns of -6.31% and -5.87% respectively. - **By Industry Plate**: Consumer sector ETFs had the best average performance, with a weighted average return of -0.16%, while Technology sector ETFs had the worst, at -7.36%. - **By Theme**: Bank and Dividend ETFs performed well, with weighted average returns of 5.18% and 1.32% respectively. Robot and Consumer Electronics ETFs had relatively poor performance, with weighted average returns of -9.41% and -7.77% respectively [20][25]. 2.2 ETF Fund Inflows and Outflows - **By ETF Category**: Industry - themed ETFs had the largest net fund inflow of 467.78 billion yuan, while broad - based ETFs had the smallest, at -205.63 billion yuan. - **By Listing Plate**: Hong Kong stock ETFs had the largest net fund inflow of 217.57 billion yuan, while ChiNext - related ETFs had the smallest, at -40.60 billion yuan. - **By Industry Plate**: Financial Real Estate sector ETFs had the largest net fund inflow of 160.23 billion yuan, while Biomedical sector ETFs had the smallest, at 27.90 billion yuan. - **By Theme**: Non - Bank and Bank ETFs had the largest net fund inflows, at 82.25 billion yuan and 78.57 billion yuan respectively. Consumer Electronics and Artificial Intelligence ETFs had the smallest, at -6.07 billion yuan and -1.30 billion yuan respectively [27][29]. 2.3 ETF Trading Volume - **By ETF Category**: Commodity ETFs had the largest increase in the daily average trading volume change rate, at 95.63%, while broad - based ETFs had the smallest, at 1.72%. - **By Listing Plate**: Japanese stock ETFs had the largest increase in the daily average trading volume change rate, at 69.17%, while CSI 2000 had the largest decrease, at -11.10%. - **By Industry Plate**: Cyclical sector ETFs had the largest increase in the daily average trading volume change rate, at 40.81%, while Biomedical sector ETFs had the largest decrease, at -9.90%. - **By Theme**: Non - Bank and Chip Semiconductor ETFs had the largest 5 - day average daily trading volumes, at 314.43 billion yuan and 158.86 billion yuan respectively. Bank and Dividend ETFs had the largest increases in the daily average trading volume change rate, at 64.61% and 31.52% respectively. Artificial Intelligence and Robot ETFs had the largest decreases, at -24.54% and -23.49% respectively [34][40][41]. 2.4 ETF Margin Trading - The net margin purchase of all equity ETFs was 2.174 billion yuan, and the net short - selling was 543 million yuan. During the sample period, the net margin purchase of Huatai - PineBridge CSI Main Consumption ETF was the largest, and the net short - selling of Southern CSI 500 ETF was the largest [2][47]. 2.5 ETF New Launches and Listings - One fund was established and seven funds were listed during the sample period [3][49].

VanEck has filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for the “VanEck Lido Staked ETH ETF.” This fund aims to provide investors with regulated exposure to Ethereum staked via the Lido protocol (stETH). If approved, it will become the first U.S. ETF referencing stETH. https://t.co/jrMAPDjVZb ...

Report Summary 1. Market Overview - On October 20, 2025, the Shanghai Composite Index rose 0.63% to 3863.89 points, the Shenzhen Component Index rose 0.98% to 12813.21 points, and the ChiNext Index rose 1.98% to 2993.45 points. The total trading volume of A - shares in the two markets was 17515 billion yuan. The top - performing sectors were communication (3.21%), coal (3.04%), and power equipment (1.54%), while the bottom - performing sectors were non - ferrous metals (-1.34%), agriculture, forestry, animal husbandry and fishery (-0.88%), and beauty care (-0.38%) [2][6] 2. Stock ETFs - The top - trading - volume stock ETFs on this day were: Huaxia CSI A500 ETF, which rose 0.44% with a discount rate of 0.50%; Huaxia Shanghai Stock Exchange Science and Technology Innovation Board 50 ETF, which rose 0.28% with a discount rate of 0.39%; and Cathay CSI A500 ETF, which rose 0.53% with a discount rate of 0.60% [3][7] 3. Bond ETFs - The top - trading - volume bond ETFs on this day were: Haifutong CSI Short - Term Financing Bond ETF, which rose 0.00% with a discount rate of 0.01%; Huitianfu CSI AAA Sci - tech Innovation Bond ETF, which rose 0.00% with a discount rate of -0.19%; and Boshi CSI Convertible Bond and Exchangeable Bond ETF, which rose 0.05% with a discount rate of 0.12% [4][9] 4. Gold ETFs - On this day, gold AU9999 fell 2.29% and Shanghai Gold fell 2.64%. The top - trading - volume gold ETFs were: Huaan Gold ETF, which fell 3.14% with a discount rate of -2.86%; E Fund Gold ETF, which fell 3.18% with a discount rate of -2.82%; and Boshi Gold ETF, which fell 3.21% with a discount rate of -2.85% [12] 5. Commodity Futures ETFs - On this day, Dacheng Non - ferrous Metals Futures ETF rose 0.68% with a discount rate of 0.25%; Jianxin Yisheng Zhengzhou Commodity Exchange Energy and Chemical Futures ETF fell 0.24% with a discount rate of -0.93%; and Huaxia Feed Soybean Meal Futures ETF rose 0.42% with a discount rate of 4.14% [13] 6. Cross - border ETFs - The previous trading day, the Dow Jones Industrial Average rose 0.52%, the Nasdaq Composite rose 0.52%, the S&P 500 rose 0.53%, and the German DAX fell 1.82%. On this day, the Hang Seng Index rose 2.42% and the Hang Seng China Enterprises Index rose 2.45%. The top - trading - volume cross - border ETFs on this day were: E Fund CSI Hong Kong Securities Investment Theme ETF, which rose 0.54% with a discount rate of 1.07%; Huatai - Peregrine Hang Seng Tech ETF, which rose 2.34% with a discount rate of 3.52%; and Huaxia Hang Seng Tech ETF, which rose 2.17% with a discount rate of 3.26% [15] 7. Money ETFs - The top - trading - volume money ETFs on this day were Huabao Tianyi ETF, Yin Hua Rili ETF, and Money ETF Jianxin Tianyi [17]

据证券日报，10月份以来，A股市场震荡中蕴含机遇，ETF（交易型开放式指数基金）市场凭借其交易 便捷、透明度高、成本低廉等优势，成为资金入市的重要通道，展现出强劲的"吸金"能力。 一、ETF行业快讯 1.三大指数集体上涨，多只创业板人工智能ETF上涨 今日，三大指数集体上涨，上证综指上涨0.63%，深证成指上涨0.98%， 创业板指上涨1.98%。多只通信 板块ETF上涨，其中，通信设备ETF（159583.SZ）上涨5.63%，创业板人工智能ETF南方（159382.SZ） 上涨3.90%，创业板人工智能ETF华夏（159381.SZ）上涨3.89%。 华创证券表示，本轮牛市AI产业链引领科技创新，三倍股主要集中在上游算力基础和下游端侧硬件。 去年924以来，政策与技术双轮驱动AI板块领涨。本轮行情AI板块涌现47只三倍股，主要集中在算力基 础与端侧硬件领域，创业板和科创板公司占比超八成。 2.月内ETF"吸金"近1000亿元 权益类贡献超九成 Wind资讯数据显示，截至10月17日，10月份以来ETF市场净流入额达991.61亿元。其中，权益类ETF贡 献924.57亿元，占比超九成，成为推动ETF市场资 ...

Group 1: Liquidity and Fund Flow - The net inflow of industry ETFs reached 17.04 billion, marking a three-year high[8] - Southbound funds have accumulated a net inflow of over 560 billion in the past five months[2] - The net inflow of leveraged funds turned negative, with a net outflow of 14 billion last week[14] Group 2: Market Trends and Investor Sentiment - The Shanghai Composite Index opened down 2.5% on October 13 due to escalating US-China trade tensions, leading to a surge in A-share search interest[2] - Retail investor net inflow reached 191.15 billion, an increase of 108.94 billion from the previous value, placing it in the 92.9 percentile over the past five years[2] - The public fund issuance increased significantly, with 5.65 billion shares newly issued last week, compared to 0.85 billion previously[10] Group 3: Trading Activity and Sector Performance - The trading heat for the machinery sector rose by 28 percentage points to 50%, while the healthcare sector dropped by 22 percentage points to 43%[7] - The net inflow in the non-ferrous metals sector was 6.09 billion, while the electronics sector saw a net outflow of 7.19 billion[23] - The overall net inflow of stock ETFs was 26.08 billion, with thematic ETFs contributing 24.55 billion[24]