证券研究报告 | 2025年12月21日 ETF 周报 A500 ETF 净申购超 300 亿元，上周新成立三只科创创业人工 智能 ETF 核心观点 金融工程周报 ETF 业绩表现 上周（2025 年 12 月 15 日至 2025 年 12 月 19 日，下同）股票型 ETF 周度 收益率中位数为-0.26%。宽基 ETF 中，上证 50ETF 涨跌幅中位数为 0.67%， 收益最高。按板块划分，大金融 ETF 涨跌幅中位数为 1.22%，收益最高。 按主题进行分类，军工 ETF 涨跌幅中位数为 2.56%，收益最高。 ETF 规模变动及净申赎 上周股票型 ETF 净申购 554.47 亿元，总体规模增加 389.92 亿元。在 宽基 ETF 中，上周 A500ETF 净申购最多，为 326.39 亿元；按板块来 看，科技 ETF 净申购最多，为 63.82 亿元；按热点主题来看，芯片 ETF 净申购最多，为 30.50 亿元。 ETF 基准指数估值情况 在宽基 ETF 中，创业板类 ETF 的估值分位数相对较低；按板块来看， 消费、大金融 ETF 的估值分位数相对温和；按照细分主题来看，酒、新 能车 ET ...

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 ...

this is fun and interestingcreator ETFsi) your fav CT person creates index fund of tokens, say ZEC, SOL, BTC, some shitcoin and mints their ETF sharesii) you buy their ETF shares if you think the person is a good decision makeriii) depending on how the ETF does, you can finally know if a given personality is a sound investor or a LARPiv) also useful for when friends ask you what to buy, they can just buy your ETFv) assuming the ETF does well, it also provides steady source of flows to the underlying and hel ...

Spot bitcoin ETF investors may have shown themselves to be anything but momentum chasers this year. While it's no secret that BlackRock's iShares Bitcoin Trust (IBIT) has been a wild success since it opened for business in January 2024, data compiled by Bloomberg's crack ETF analyst Eric Balchunas shows that success in another light. So far in 2025, IBIT ranks sixth out of all ETFs in inflows, bringing in more than $25 billion of investor cash. In a list of the top 25 funds by inflows, ranked first is V ...

LATEST: 📈 Citi analysts put Bitcoin's 12-month price base case at $143,000, driven by anticipated ETF interest and regulatory clarity, with a bullish scenario of $189,000 and a bearish one of $78,500. https://t.co/jAukEDkXQe ...