Three Major Driving Forces Behind the Scale of Domestic Bond ETFs Breaking Through One Trillion Yuan

Domestic bond ETFs (exchange-traded funds) have entered a new stage of development. From surpassing 100 billion yuan in scale in May 2024, to exceeding 800 billion yuan by the end of 2025, and then breaking through 1 trillion yuan for the first time on September 23 this year, the scale of domestic bond ETFs has shown strong growth momentum. This leapfrog development is the inevitable result of the resonance of multiple factors, including the improvement of the product supply system, the enhancement of the investor structure, and the accelerated advancement of institutional development. It has also left a brilliant mark on the entry of medium- and long-term funds into the market and the improvement of the bond market risk management system.