LATEST: 📊 BlackRock's Bitcoin ETF ranked sixth in 2025 inflows despite being down 9.6% for the year, making it the only fund in the top 25 with negative returns, according to Bloomberg analyst Eric Balchunas. https://t.co/wbaIt1iVAd ...

Market Overview - The performance of major indices during the sample period shows that SGE Gold 9999, CSI 2000, and S&P 500 had returns of 1.24%, 0.30%, and 0.10% respectively, ranking them at the top [1] - In terms of industry performance, retail trade, non-bank financials, and beauty care sectors led with returns of 6.66%, 2.90%, and 2.87% respectively, while electronics, power equipment, and machinery sectors lagged with returns of -3.28%, -3.12%, and -1.56% [1][15] ETF Product Overview Market Performance - Commodity ETFs had the best average performance with a weighted average return of 0.92%, while QDII ETFs had the worst performance with a return of -2.01% [19] - CSI 2000 and CSI 500 ETFs performed well with weighted average returns of 0.63% and 0.06% respectively, while STAR Market related ETFs had poor performance with returns of -2.55% and -2.48% [19] Fund Flow - Broad-based ETFs saw the highest net inflow of 406.15 billion, while money market ETFs experienced the largest net outflow of -19.43 billion [2][25] - From an industry perspective, technology sector ETFs had the highest net inflow of 100.54 billion, while traditional manufacturing sector ETFs had the lowest net inflow of -29.55 billion [27] Trading Volume - Broad-based ETFs experienced the highest increase in average daily trading volume, with a change rate of 20.12%, while QDII ETFs saw a decrease of -7.34% [31][33] - Financial real estate sector ETFs had the highest increase in average daily trading volume change rate at 15.85%, while the biopharmaceutical sector saw a decrease of -7.10% [37]

Core Insights - The article reports a significant outflow of $644 million from Ethereum spot ETFs during the trading week from December 15 to December 19 [1] - All nine Ethereum ETFs experienced net outflows, with Blackrock's ETF ETHA leading the losses at $558 million for the week [1] - Historically, the total net inflow for ETHA has reached $12.67 billion [1] Summary by Category Market Performance - Ethereum spot ETFs saw a total net outflow of $644 million in the specified week [1] - Blackrock's ETHA ETF recorded the highest weekly net outflow of $558 million [1] Historical Data - The total historical net inflow for Blackrock's ETHA ETF stands at $12.67 billion [1]

1. Report Industry Investment Rating - No information provided in the content 2. Core Viewpoints of the Report - Last week (from December 15 to December 19, 2025), the median weekly return of equity ETFs was -0.26%. Among broad-based ETFs, the median return of SSE 50 ETF was 0.67%, the highest. By sector, the median return of large financial ETFs was 1.22%, the highest. By theme, the median return of military ETFs was 2.56%, the highest [1][13][18]. - Last week, equity ETFs had a net subscription of 55.447 billion yuan, and the overall scale increased by 38.992 billion yuan. Among broad-based ETFs, A500 ETF had the largest net subscription, reaching 32.639 billion yuan. By sector, technology ETFs had the largest net subscription, amounting to 6.382 billion yuan. By hot theme, chip ETFs had the largest net subscription, reaching 3.050 billion yuan [2][27][33]. - As of last Friday, the valuation quantiles of ChiNext - related ETFs among broad - based ETFs were relatively low. By sector, the valuation quantiles of consumer and large financial ETFs were relatively moderate. By sub - theme, the valuation quantiles of liquor and new energy vehicle ETFs were relatively low. Compared with the previous week, the valuation quantiles of A500 and consumer ETFs increased significantly [3][34][44]. - From Monday to Thursday last week, the margin trading balance of equity ETFs increased from 46.443 billion yuan in the previous week to 47.714 billion yuan, and the short - selling volume decreased from 2.582 billion shares in the previous week to 2.481 billion shares. Among the top 10 ETFs with the highest average daily margin purchases and short - selling volumes, securities ETFs and STAR Market ETFs had relatively high average daily margin purchases, while CSI 1000 ETF and SSE 50 ETF had relatively high average daily short - selling volumes [4][45][53]. - As of last Friday, Huaxia, E Fund, and HuaTai - Berry ranked top three in the total scale of listed non - monetary ETFs. This week, 5 ETFs, including Huaxia CSI All - Share Food ETF, Huabao CSI All - Share Electric Power Utility ETF, ICBC ChiNext New Energy ETF, E Fund SSE STAR Market Chip Design Theme ETF, and E Fund CSI All - Share Food ETF, will be issued [5][57][60]. 3. Summary by Relevant Catalogs ETF Performance - **Equity ETFs**: The median weekly return was -0.26%. The median returns of SSE 50, CSI 500, CSI 300, A500, CSI 1000, ChiNext - related, and STAR Market ETFs were 0.67%, 0.03%, -0.13%, -0.14%, -0.53%, -2.25%, and -2.43% respectively. The median returns of commodity, bond, money - market, and cross - border ETFs were 0.98%, 0.05%, 0.02%, and -1.76% respectively [13]. - **By Sector**: The median returns of large financial, consumer, cyclical, and technology sector ETFs were 1.22%, 0.38%, -0.52%, and -2.31% respectively [18]. - **By Theme**: The median returns of military, bank, and securities ETFs were 2.56%, 1.23%, and 1.07% respectively, showing relatively strong performance. The median returns of chip, photovoltaic, and AI ETFs were -3.24%, -2.91%, and -2.45% respectively, showing relatively weak performance [18]. ETF Scale Changes and Net Subscriptions/Redeemptions - **Overall Scale**: As of last Friday, the scales of equity, cross - border, and bond ETFs were 3,683.2 billion yuan, 965.0 billion yuan, and 743.0 billion yuan respectively. The scales of commodity and money - market ETFs were relatively small, at 246.8 billion yuan and 186.2 billion yuan respectively [20]. - **Broad - based ETFs**: The scales of CSI 300 and A500 ETFs were relatively large, at 1,176.9 billion yuan and 243.0 billion yuan respectively. The scales of STAR Market, SSE 50, CSI 500, ChiNext - related, and CSI 1000 ETFs were relatively small, at 207.8 billion yuan, 184.6 billion yuan, 180.8 billion yuan, 174.3 billion yuan, and 170.3 billion yuan respectively [20]. - **By Sector**: As of last Friday, the scale of technology sector ETFs was 418.5 billion yuan, followed by cyclical sector ETFs at 210.3 billion yuan. The scales of large financial and consumer ETFs were relatively small, at 197.1 billion yuan and 186.7 billion yuan respectively [25]. - **By Theme**: As of last Friday, the scales of chip, securities, and pharmaceutical ETFs were the highest, at 147.5 billion yuan, 139.2 billion yuan, and 101.7 billion yuan respectively [25]. - **Net Subscriptions/Redeemptions**: Last week, equity ETFs had a net subscription of 55.447 billion yuan, and the overall scale increased by 38.992 billion yuan. Money - market ETFs had a net redemption of 1.662 billion yuan, and the overall scale decreased by 1.645 billion yuan. Among broad - based ETFs, A500 ETF had the largest net subscription of 32.639 billion yuan, and its scale increased by 32.528 billion yuan. SSE 50 ETF had the largest net redemption of 461 million yuan, and its scale increased by 560 million yuan [27]. By sector, technology ETFs had the largest net subscription of 6.382 billion yuan, and their scale decreased by 3.386 billion yuan. Cyclical ETFs had the largest net redemption of 3.207 billion yuan, and their scale decreased by 1.987 billion yuan. By hot theme, chip ETFs had the largest net subscription of 3.050 billion yuan, and their scale decreased by 2.222 billion yuan. Military ETFs had the largest net redemption of 4.229 billion yuan, and their scale decreased by 3.058 billion yuan [31][33]. ETF Benchmark Index Valuation - **Broad - based ETFs**: As of last Friday, the price - to - earnings ratios of SSE 50, CSI 300, CSI 500, CSI 1000, ChiNext - related, and A500 ETFs were at the 82.44%, 82.44%, 95.22%, 93.82%, 59.52%, and 90.79% quantiles respectively, and the price - to - book ratios were at the 60.72%, 68.43%, 96.70%, 48.23%, 59.03%, and 89.70% quantiles respectively. Since December 31, 2019, the current price - to - earnings and price - to - book ratios of STAR Market - related ETFs were at the 81.37% and 70.82% quantiles respectively. Compared with the previous week, the valuation quantiles of A500 ETF increased significantly [34][36]. - **By Sector**: As of last Friday, the price - to - earnings ratios of cyclical, large financial, consumer, and technology sector ETFs were at the 73.54%, 32.15%, 25.89%, and 92.75% quantiles respectively, and the price - to - book ratios were at the 69.08%, 56.31%, 36.19%, and 79.39% quantiles respectively. Compared with the previous week, the valuation quantiles of consumer ETFs increased significantly [38]. - **By Theme**: As of last Friday, the price - to - earnings quantiles of photovoltaic, military, and dividend ETFs were relatively high, at 99.59%, 99.01%, and 96.04% respectively. The price - to - book quantiles of AI, dividend, and robot ETFs were relatively high, at 99.75%, 96.13%, and 92.50% respectively. Overall, among broad - based ETFs, the valuation quantiles of ChiNext - related ETFs were relatively low. By sector, the valuation quantiles of consumer and large financial ETFs were relatively moderate. By sub - theme, the valuation quantiles of liquor and new energy vehicle ETFs were relatively low [40][41][44]. ETF Margin Trading and Short - Selling - Overall, the short - selling volume of equity ETFs has generally maintained an upward trend in the past year. As of last Thursday, the margin trading balance of equity ETFs increased from 46.443 billion yuan in the previous week to 47.714 billion yuan, and the short - selling volume decreased from 2.582 billion shares in the previous week to 2.481 billion shares [45]. - Among the top 10 ETFs with the highest average daily margin purchases from Monday to Thursday last week, securities ETFs and STAR Market ETFs had relatively high average daily margin purchases. Among the top 10 ETFs with the highest average daily short - selling volumes, CSI 1000 ETF and SSE 50 ETF had relatively high average daily short - selling volumes [48][50][53]. ETF Managers - As of last Friday, Huaxia Fund ranked first in the total scale of listed non - monetary ETFs, and had a relatively high management scale in multiple sub - fields such as scale - based index ETFs, theme - based, style - based, and strategy - based index ETFs, and cross - border ETFs. E Fund ranked second, with a relatively high management scale in scale - based index ETFs and cross - border ETFs. HuaTai - Berry ranked third, with a relatively high management scale in scale - based index ETFs and theme - based, style - based, and strategy - based index ETFs [54]. - Last week, 7 new ETFs were established. This week, 5 ETFs, including Huaxia CSI All - Share Food ETF, Huabao CSI All - Share Electric Power Utility ETF, ICBC ChiNext New Energy ETF, E Fund SSE STAR Market Chip Design Theme ETF, and E Fund CSI All - Share Food ETF, will be issued [57].

Core Viewpoint - The A-share market has rebounded strongly since July, with the CSI 500 Index leading the performance among major indices, driven by the technology and cyclical sectors, presenting a "dumbbell" opportunity structure [1][2] Group 1: Market Performance - As of July 30, the CSI 500 Index has achieved a 34.98% increase over the past year, outperforming other major indices like CSI 800 and CSI 300 [1] - The CSI 500 Index has shown strong adaptability and ability to capture mainline opportunities, with historical performance indicating significant outperformance during various market cycles [3] Group 2: Sector Analysis - The technology sector, particularly electronics and computing, has been boosted by AI breakthroughs, while cyclical sectors like steel and new energy vehicles have also strengthened due to supportive policies [2] - The CSI 500 Index allocates over 28% to technology sectors and 25% to cyclical sectors, providing both offensive and defensive positioning for investors [2] Group 3: Investment Tools - The launch of the CSI 500 ETF (code: 159500) offers investors an efficient tool to capture opportunities in both technology growth and cyclical recovery [5] - The CSI 500 ETF has seen significant net inflows, with 408 billion yuan in the past year, indicating strong investor interest and confidence in its growth potential [4] Group 4: Future Outlook - The CSI 500 Index is expected to benefit from dual drivers of valuation recovery and profit growth, with projected net profit growth rates of 38.61% and 15.81% for 2025-2026 [4] - The ETF structure is increasingly favored by both institutional and individual investors due to its simplicity, transparency, and cost-effectiveness [4]

ETF Filing - Bitwise filed with the SEC for a spot SUI ETF [1]

RT Cointelegraph (@Cointelegraph)🔥 HUGE: Van Eck has filed for an AVAX ETF. https://t.co/6Elgcczg4n ...

🔥 HUGE: Van Eck has filed for an AVAX ETF. https://t.co/6Elgcczg4n ...

据 Cryptopolitan 报道，VanEck 已向美国证券交易委员会（SEC）提交现货 AVAX（Avalanche）ETF 申 请的修订文件，该 ETF 计划以 VAVX 为交易代码进行交易。 （来源：吴说） ...

and obviously CT personas would just be initial GTM, anyone on earth can permissionlessly create their own ETFthe limiting factor ofc is that I think this has to all be done on one protocol to minimize counterparty risk of custody, bridging, complexity etcbut in a world where SOL has 80% of all assets (aspirational), this workscould also probably do it with perps ...