Cross-border ETF premiums frequently appear: trading activity increases, accelerating the expansion of the track.

Recently, several cross-border ETFs have appeared with temporary premiums in the secondary market, attracting market attention. Industry insiders pointed out that the cross-border ETF's valuation mechanism across time periods, combined with structural capital flows, makes short-term misalignments of "price-leading, net asset value lagging" more likely to occur. The convergence pace of premiums is affected by the efficiency of subscriptions and redemptions, market sentiment, and external factors, and short-term trading risks need to be monitored. At the same time, the scale of cross-border ETFs has continued to expand rapidly this year, with several thematic products achieving significant growth. The overall track is accelerating in size due to the continuous influx of incremental funds and the constant enrichment of new products, leading to further improvements in market participation and product levels.