Quantitative Models and Construction Methods 1. **Model Name**: Industry Crowding Monitoring Model **Model Construction Idea**: This model is designed to monitor the crowding levels of industries on a daily basis, focusing on the Shenwan First-Level Industry Index. It identifies industries with high or low crowding levels to provide actionable insights for investors. [3] **Model Construction Process**: The model calculates the crowding level of each industry based on specific metrics, such as fund flows and other market indicators. The daily crowding levels are ranked, and industries with significant changes in crowding levels are highlighted. For example, the model identified that the crowding levels of military and media industries experienced significant changes recently. [3] **Model Evaluation**: The model provides a useful tool for identifying industry trends and potential investment opportunities by analyzing crowding dynamics. [3] 2. **Model Name**: Premium Rate Z-Score Model **Model Construction Idea**: This model is used to screen ETF products by identifying potential arbitrage opportunities based on the Z-score of their premium rates. [4] **Model Construction Process**: The Z-score is calculated using rolling measurements of the premium rate of ETF products. The model flags ETFs with significant deviations from their historical averages, indicating potential arbitrage opportunities or risks of price corrections. [4] **Model Evaluation**: The model effectively identifies ETFs with potential arbitrage opportunities, but it also warns of potential price correction risks. [4] --- Model Backtesting Results 1. **Industry Crowding Monitoring Model**: No specific numerical backtesting results were provided in the report. [3] 2. **Premium Rate Z-Score Model**: No specific numerical backtesting results were provided in the report. [4] --- Quantitative Factors and Construction Methods No specific quantitative factors were explicitly mentioned or constructed in the report. --- Factor Backtesting Results No specific quantitative factor backtesting results were provided in the report.

ETF Industry News Summary Group 1: Market Performance - Major indices experienced a decline today, with the Shanghai Composite Index down 0.81%, Shenzhen Component down 0.92%, and ChiNext down 1.16 [1][4] - Several semiconductor equipment ETFs saw gains, including Semiconductor Equipment ETF (561980.SH) up 2.32%, and others up 2.10% [1] Group 2: ETF Growth and Trends - The total scale of commodity ETFs has increased by over 200% this year, with 17 commodity ETFs attracting a net inflow of 1020.23 billion yuan, bringing the total scale to 2299.87 billion yuan [2] - The growth is primarily driven by gold ETFs, with the leading product, Huaan Gold ETF, reaching a scale of 873.83 billion yuan, up from 12 million yuan since its inception in 2013 [2] - A record 322 ETFs were issued this year, totaling 2446.44 billion units, marking an 80% increase in the number of ETFs compared to last year [3] Group 3: ETF Category Performance - Among different ETF categories, bond ETFs performed the best with an average change of 0.00%, while cross-border ETFs had the worst performance with an average change of -1.91% [9] - The top-performing ETFs today included Media ETFs and Semiconductor Equipment ETFs, with gains of 2.38%, 2.35%, and 2.32% respectively [11][12] Group 4: Trading Volume - The top three stock ETFs by trading volume were A500 ETF (512050.SH) with 5.184 billion yuan, followed by Zhongzheng A500 ETF (159338.SZ) with 4.809 billion yuan, and A500 ETF Huatai Baichuan (563360.SH) with 4.431 billion yuan [14][15]

Bitcoin and Ethereum spot ETFs see combined $437 million in outflows https://t.co/LImeCAl2ZE ...

🔥 UPDATE: VanEck’s Solana ETF VSOL is now live, offering staking yields.Meanwhile, Grayscale’s Dogecoin spot ETF could launch as early as Nov 24. https://t.co/sx0E4KO7Pj ...

🚨 ALERT: Roughly 41.5% of XRP’s circulating supply is currently at a loss, per Glassnode.Will upcoming spot-XRP ETFs help stabilize sentiment? https://t.co/ApxKll9NOo ...

LATEST: 📊 Investment manager VanEck has chosen Solana treasury firm SOL Strategies to provide staking services for its upcoming US spot Solana ETF through the company's Orangefin validator. https://t.co/fq50xFyZJh ...

Market Sentiment - Fundstrat's Tom Lee believes the market is nearing a bottom [1] - Bitwise Asset Management CIO Matt Hougan sees great buying opportunities for long-term investors [1] Investment Strategy - Tom Lee defends his Ethereum outlook [1] - Tom Lee talks about the expansion of his line of Granny Shots ETFs [1]

RT SolanaFloor (@SolanaFloor)🚨JUST IN: According to the SEC website, @NYSE Arca has approved the listing and registration of the @CanaryFunds Solana Marinade ETF under the Securities Exchange Act of 1934, marking the final step before trading begins. https://t.co/IFMxATZweh ...

ETF Products - Grayscale is preparing to launch a Dogecoin ETF [1] - VanEck's Solana Fund has started trading [1]

RT Hunter Horsley (@HHorsley)~$34,000,000 into $BSOL last week.~$577,000,000 into $BSOL since launch 3 weeks ago.All this, amidst the market being down.ETF investors want to own Solana.Grateful to investors entrusting Bitwise to steward their assets — ...