Under the rapid rotation of market capital, the market's leading ETF size rankings changed hands three times in 10 days, and leading products in the currency, commodity, and stock categories took turns to top the market size list. Recently, with stock ETFs exiting net capital inflows for 10 consecutive days, the Shanghai and Shenzhen 300 ETF Huatai Berry once again regained the position of “one brother” of ETFs in the entire market. This large-scale ranking rotation is not only a sign of a short-term capital game; it also reflects deep changes in the product system and capital allocation logic of the A-share ETF market. It has now returned to its peak. The industry ecology behind it is already quite different from three years ago.

Under the rapid rotation of market capital, the market's leading ETF size rankings changed hands three times in 10 days, and leading products in the currency, commodity, and stock categories took turns to top the market size list. Recently, with stock ETFs exiting net capital inflows for 10 consecutive days, the Shanghai and Shenzhen 300 ETF Huatai Berry once again regained the position of “one brother” of ETFs in the entire market. This large-scale ranking rotation is not only a sign of a short-term capital game; it also reflects deep changes in the product system and capital allocation logic of the A-share ETF market. It has now returned to its peak. The industry ecology behind it is already quite different from three years ago.