Core Insights - The recent surge in cross-border ETFs has attracted significant investor interest, with two Brazilian ETFs being fully subscribed within a day, indicating strong demand in the market [1][2]. Group 1: ETF Launch and Demand - On October 31, two Brazilian ETFs, 华夏布拉德斯科巴西伊博维斯帕ETF(QDII) and 易方达伊塔乌巴西IBOVESPAETF(QDII), were launched and quickly sold out, with 华夏 ETF attracting approximately 2.6 billion yuan in a single day [2][3]. - The initial fundraising cap for both ETFs was set at 300 million yuan, but the total subscription exceeded this limit, leading to a "last day proportion confirmation" for investors [2][3]. Group 2: Market Trends and Growth - Cross-border ETFs have broken traditional investment barriers, allowing ordinary investors to participate in global markets, with a growing variety of products available [5]. - As of October 31, the total scale of cross-border ETFs approached 900 billion yuan, showing rapid growth from 565.5 billion yuan at the end of Q2 to approximately 884 billion yuan at the end of Q3 this year [5]. Group 3: Investor Sentiment and Challenges - Investors have expressed disappointment over the limited allocation of shares in the newly launched ETFs, highlighting a strong demand for these investment products [4]. - The popularity of cross-border ETFs has led to increased trading prices in the secondary market due to limited subscription quotas, which can create high premium rates [6].