Group 1 - Northbound capital activity has rebounded, with a net buying of A-shares, particularly in the computer, food and beverage, and non-ferrous metal sectors, while there was net selling in the machinery sector [1][10] - Margin trading activity has also slightly increased, reaching a three-week high, with net buying mainly in the electric new energy, communication, and machinery sectors, and net selling in food and beverage, oil and petrochemicals, and coal sectors [16][39] - The trading heat and volatility in the market have risen, with sectors like communication, electronics, electric new energy, chemicals, machinery, and real estate showing trading heat above the 80th percentile [2][5] Group 2 - The ETF market has seen net subscriptions, primarily in institutional ETFs, with significant net buying in sectors such as electronics, non-bank financials, and pharmaceuticals, while there was net selling in electric new energy, chemicals, and banking sectors [31][32] - The buy-sell ratio of the top 10 active northbound stocks compared to the overall northbound trading has shown a slight increase, indicating a shift in trading dynamics [13] - The buy consensus for ETFs and northbound trading has decreased, while the buy consensus for margin trading and the dragon and tiger list has increased, suggesting a mixed sentiment among market participants [39]

Market Trends & Industry Dynamics - The crypto space is shifting towards a more mature phase, with fundamentals becoming more important than hype [11] - Increased institutional adoption, Wall Street engagement, and government embracing of crypto tech like stablecoins are signs of this shift [12] - HBAR ETFs are a big deal if they are spot-based, as they will affect the value and volume of HBAR [16][17] - Hyera is focused on institutional DeFi, which is where the largest players are moving in on DeFi grade use cases [26][27] HBAR & Hedera Network - Hedera had an ETF approval, marking a significant event [3] - Hedera developers hit a new high, leading all layer 1 blockchains except Ethereum [9][10] - Hedera is not a blockchain but a mesh network that allows enterprises to grab data quickly [29][30] - Hedera has been working with regulators since day one, focusing on building critical tech for enterprises and institutional players [37] H4 ETF Performance & Impact - Canary Funds H4 ETF passed, making HBAR the third crypto ETF to launch after Bitcoin and Ethereum [23][24] - The H4 ETF held over 172 million HBAR, equivalent to $34 million, up 34x since launch [32] - Inflows quickly morphed into 235 million HBAR, equivalent to $45 million, representing 05% of all HBAR absorbed in three days by just one ETF [33] - The H4 ETF holds almost 263 million HBAR, equivalent to over $512 million [34]

🚨 ALERT: $ETH faces pressure near the $3K level as ETF outflows hit $364M and institutional demand cools. https://t.co/QAkHsJxCmX ...

ETF & Investment Products - Bitwise 推出了 SEC 批准的 Solana 质押 ETF (BSOL)，首日交易量达到 56 million 美元，在 2025 年的 850 个 ETF 发行中创下纪录 [1] - Grayscale 推出了 Solana Trust ETF (GSOL) [2] - 每周流入 Solana ETF 的资金为 417 million 美元，领先所有加密 ETP [2] Solana Network Activity - Solana 的总 RWA 价值达到历史新高 (ATH)，超过 800 million 美元 [1] - Solana 稳定币用户达到历史新高，约为每月 5 million 个独立地址，转账量达到 39 周以来的最高水平，每周交易额超过 500 billion 美元 [1] Partnerships & Integrations - Western Union 宣布他们将完全基于 Solana 构建，使用稳定币 USDPT 进行 150 个国家/地区的全球转账 [1] - Alpaca 集成了 Global Dollar，以便在 Solana 上访问 USDG [3] - CME Group 上 SOL 期货的单日交易量最高，10 月 28 日交易了 17400 份 SOL 期货 [3] - Republic 和 CoinList 推出了 rTTOK，这是一种对 ByteDance 的代币化敞口 [3]

🤯 IS $XRP FACING ETF REJECTION?! As assets like $LTC and $HBAR see spot ETF approval, the same can't be said for $XRP... Should we fear the worst?? https://t.co/ISATSm2qAz ...

🔥 UPDATE: Solana spot ETFs saw $199M in net inflows last week. https://t.co/KQwjcqtjOQ ...

The Bitwise SOL ETF had a strong debut last weekSeeing $197M in net inflows in just 4 sessions https://t.co/iYUnbzXJNv ...

📊 BitMart Research | Weekly Hot Spot Analysis (Oct 27–Nov 2)🔹 Market Overview:Crypto market cap fell 7.93% to $3.60T, marking a risk-off week.ETF flows were mixed — BTC ETF +$90.6M inflows, ETH ETF -$93.6M outflows.$BTC and $ETH led declines, while $BMX held steady.💥 Top Gainers:$DASH, $ZK, $ICP, $TAO, $ZEC — outperformed on strong narratives and liquidity rotation.🔹 Hot News (highlights):・Fed policy meeting (Oct 28–30) with Powell presser (Oct 30).・BoJ meeting (Oct 29) — policy stance in focus.・SEC delays ...

证券研究报告 | 2025年11月03日 ETF 周报 上周股票型 ETF 资金净流入近 200 亿元，其中沪深 300ETF 净申购达 70 亿元 核心观点 金融工程周报 ETF 业绩表现 上周（2025 年 10 月 27 日至 2025 年 10 月 31 日，下同）股票型 ETF 周度 收益率中位数为 0.01%。宽基 ETF 中，中证 1000ETF 涨跌幅中位数为 1.20%，收益最高。按板块划分，周期 ETF 涨跌幅中位数为 1.76%，收益最 高。按主题进行分类，光伏 ETF 涨跌幅中位数为 6.54%，收益最高。 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、光伏 ETF 的 估值分位数相对较低。与前周相比，上证 50、大金融、A500、沪深 300ETF 的估值分位数明显降低。 ETF 融资融券情况 上周一至周四股票型 ETF 融资余额由前周的 469.94 亿元上升至 480.51 亿 元，融券余量由前周的 25.68 亿份上升至 26.60 亿份。在日均融资买入额、 融券卖出量最高的前 10 ...

Market Dynamics - Crypto Quant CEO 指出 ETF 和 MicroStrategy 推动了需求 [1] - 如果 ETF 和 MicroStrategy 恢复购买，市场动能可能会回归 [1]