Market Trends - US spot BTC and ETH ETFs achieved a record volume of $39.3 billion [1] Company Updates - Crypto.com will provide custodial services to VivoPower and Aditxt [1] Regulatory Landscape - US Treasury Secretary clarified the department's bitcoin purchase plans [1]

SEC Punts on Trump Media Bitcoin and Ethereum ETF Decision, Plus XRP and Dogecoin Funds► https://t.co/rppOGjZdwN https://t.co/rppOGjZdwN ...

🚨 UPDATE: The SEC delays decision on Bitwise and Coinshares XRP ETF, along with Grayscale and Canary XRP Trust.The new deadline is set for October 2025. https://t.co/XJBLcpsOUQ ...

CBOE has filed the Canary Staked SEI ETF 19b-4 with the SEC.This @CBOE filing initiates the @SECGov’s formal review process of the Staked SEI ETF, joining ETH and SOL as one of the few staked ETF digital assets at this stage.Regulated access to SEI is accelerating. ($/acc) https://t.co/ljPnYHhYgW ...

The Daily: SEC delays XRP, Dogecoin and other ETFs, Strategy buys more bitcoin, Ethereum ICO wallet moves funds, and more https://t.co/TMnU9gsLBS ...

The Daily: SEC delays XRP, Dogecoin and other ETFs, Strategy buys more bitcoin, Ethereum ICO wallet move funds, and more https://t.co/TMnU9gsLBS ...

💥BREAKING:🇺🇸 SEC DELAYS TRUTH SPOT $BTC AND $ETH ETF. https://t.co/jRVHlT24nZ ...

Market Trends - Institutions are accumulating crypto assets through ETFs [1] - Retail investors are observing the market quietly [1] - The market is questioning how trends will shape the next move for Bitcoin and Ethereum [1]

Report Summary 1. Market Overview - The Shanghai Composite Index rose 0.85% to close at 3728.03, the Shenzhen Component Index rose 1.73% to close at 11835.57, and the ChiNext Index rose 2.84% to close at 2606.20. The total trading volume of A-shares in the two markets was 28096 billion yuan [2][6]. - The top - performing sectors were communication (4.46%), comprehensive (3.43%), and computer (3.33%), while the worst - performing sectors were real estate (-0.46%) and petroleum and petrochemical (-0.10%) [2][6]. 2. Stock ETFs - The top - trading - volume stock ETFs included Huaxia SSE STAR Market 50 ETF (up 2.16% with a discount rate of 2.19%), E Fund ChiNext ETF (up 2.91% with a discount rate of 2.84%), and Huaxia CSI A500 ETF (up 0.86% with a discount rate of 1.12%) [3][7]. 3. Bond ETFs - The top - trading - volume bond ETFs were Haifutong CSI Short - Term Financing Bond ETF (down 0.03% with a discount rate of - 0.02%), Pengyang ChinaBond 30 - Year Treasury Bond ETF (down 1.26% with a discount rate of - 0.89%), and Huaxia CSI AAA Science and Technology Innovation Corporate Bond ETF (down 0.29% with a discount rate of - 0.49%) [4][9]. 4. Gold ETFs - Gold AU9999 rose 0.12% and Shanghai Gold rose 0.21%. The top - trading - volume gold ETFs were Huaan Gold ETF (up 0.16% with a discount rate of 0.05%), Boshi Gold ETF (up 0.22% with a discount rate of 0.08%), and E Fund Gold ETF (up 0.18% with a discount rate of 0.05%) [12]. 5. Commodity Futures ETFs - Huaxia Feed Soybean Meal Futures ETF rose 0.60% with a discount rate of 0.48%, Jianxin Yisheng Zhengzhou Commodity Exchange Energy and Chemical Futures ETF had a 0.00% change with a discount rate of - 0.21%, and Dacheng Non - Ferrous Metals Futures ETF fell 0.29% with a discount rate of - 0.23% [15]. 6. Cross - Border ETFs - The previous trading day, the Dow Jones Industrial Average rose 0.08%, the Nasdaq fell 0.40%, the S&P 500 fell 0.29%, and the German DAX fell 0.07%. Today, the Hang Seng Index fell 0.37% and the Hang Seng China Enterprises Index fell 0.06%. The top - trading - volume cross - border ETFs were E Fund CSI Hong Kong Securities Investment Theme ETF (up 1.54% with a discount rate of 1.96%), GF CSI Hong Kong Innovative Drugs ETF (up 2.99% with a discount rate of 3.10%), and Huaxia Hang Seng Technology ETF (up 1.06% with a discount rate of 2.10%) [17]. 7. Money ETFs - The top - trading - volume money ETFs were Yin Hua Ri Li ETF, Hua Bao Tian Yi ETF, and Money ETF Jianxin Tian Yi [19].

- The report tracks various types of ETFs on a daily basis, categorizing them into "broad-based" and "thematic" ETFs based on the indices they track, such as CSI 300, CSI 500, and industry/style indices like non-bank financials and dividends[2] - The RSI (Relative Strength Index) is calculated using the formula: $ RSI = 100 - 100 / (1 + RS) $, where RS is the average gain divided by the average loss over a 12-day period. RSI values above 70 indicate an overbought market, while values below 30 indicate an oversold market[2] - The net subscription amount is calculated using the formula: $ NETBUY(T) = NAV(T) - NAV(T-1) * (1 + R(T)) $, where NETBUY(T) is the net subscription amount, NAV(T-1) is the ETF's net asset value from the previous trading day, and R(T) is the return on the current day[2] Quantitative Models and Construction Methods 1. **Model Name: RSI (Relative Strength Index)** - **Construction Idea**: Measures the speed and change of price movements to identify overbought or oversold conditions - **Construction Process**: - Calculate the average gain and average loss over a 12-day period - Compute the RS (Relative Strength) as the ratio of average gain to average loss - Apply the formula: $ RSI = 100 - 100 / (1 + RS) $ - **Evaluation**: Useful for identifying potential reversal points in the market[2] 2. **Model Name: Net Subscription Amount** - **Construction Idea**: Measures the net inflow or outflow of funds into an ETF - **Construction Process**: - Calculate the net asset value (NAV) of the ETF for the current and previous trading days - Compute the return (R) for the current day - Apply the formula: $ NETBUY(T) = NAV(T) - NAV(T-1) * (1 + R(T)) $ - **Evaluation**: Indicates investor sentiment and fund flow dynamics[2] Model Backtesting Results 1. **RSI Model** - **Indicator Values**: - CSI 300 ETFs: RSI values range from 69.68 to 75.23 - CSI 500 ETFs: RSI values range from 74.47 to 75.37 - CSI 800 ETFs: RSI values range from 73.39 to 77.74 - CSI 1000 ETFs: RSI values range from 77.70 to 78.26 - CSI A50 ETFs: RSI values range from 65.77 to 67.30 - CSI A500 ETFs: RSI values range from 74.12 to 75.83 - STAR 50 ETFs: RSI values range from 75.53 to 77.78 - GEM ETFs: RSI values range from 76.39 to 77.42 - Hang Seng ETFs: RSI values range from 56.98 to 61.45 - Nikkei 225 ETFs: RSI values range from 72.84 to 72.88 - Nasdaq 100 ETFs: RSI values range from 65.70 to 68.11 - Other overseas broad-based indices: RSI values range from 33.64 to 60.46[4][6] 2. **Net Subscription Amount Model** - **Indicator Values**: - CSI 300 ETFs: Net subscription amounts range from -3.97 billion to 7.87 billion - CSI 500 ETFs: Net subscription amounts range from -0.08 billion to 4.57 billion - CSI 800 ETFs: Net subscription amounts range from -0.06 billion to 5.86 billion - CSI 1000 ETFs: Net subscription amounts range from 0.44 billion to 2.21 billion - CSI A50 ETFs: Net subscription amounts range from -0.89 billion to -0.08 billion - CSI A500 ETFs: Net subscription amounts range from -0.13 billion to 0.38 billion - STAR 50 ETFs: Net subscription amounts range from -5.00 billion to 0.02 billion - GEM ETFs: Net subscription amounts range from -0.86 billion to 5.64 billion - Hang Seng ETFs: Net subscription amounts range from -0.82 billion to 0.02 billion - Nikkei 225 ETFs: Net subscription amounts range from -0.21 billion to -0.06 billion - Nasdaq 100 ETFs: Net subscription amounts range from -1.34 billion to -0.47 billion - Other overseas broad-based indices: Net subscription amounts range from -0.28 billion to 0.89 billion[4][6]