Cross-border ETFs are being rapidly launched with premium indications, fueling demand and prompting a doubling in size and expansion.

Recently, several cross-border ETFs have shown temporary premiums in the secondary market, attracting market attention. Industry insiders point out that the cross-time valuation mechanism of cross-border ETFs, combined with structural fund flows, makes short-term mismatches of "price leading, NAV lagging" more likely to occur. The convergence pace of premiums is affected by the efficiency of redemption and subscription, market sentiment, and external environment, and short-term trading risks need to be carefully monitored. At the same time, the scale of cross-border ETFs has continued to expand rapidly this year, with many thematic products showing significant growth. With the continuous inflow of incremental funds and the constant enrichment of new products, the overall track is accelerating in terms of market participation and product variety.