A number of "mini" currency ETFs have a daily limit! The industry warns of the risk of speculation

On January 24th, Jinshi Data reported that several 'mini' currency ETFs, such as China Life Currency ETF (511970), Tianli Currency ETF (511950), and Penghua Tianli ETF (511820), experienced a surge in volume, driving the prices in the secondary market to rise rapidly, and even rare to see a halt in the rise at the end of the day. However, currency ETFs such as Golden Eagle Yield Currency ETF (511770) and GF Currency ETF (511920) quickly took a nosedive after the significant rise, with the rise rate falling to within 3%. Journalists interviewed industry insiders and learned that, from the perspective of investment return rationality, the abnormal rise in currency ETFs may be due to speculative activities. Currency ETFs with significant rise rates currently have relatively few circulating shares, usually only tens of thousands to hundreds of thousands. In this case, a small amount of capital can drive prices to rise significantly, making it susceptible to manipulation. Some investors may take advantage of this characteristic to quickly push up prices with a small amount of capital, create large fluctuations in the short term, and attract followers. Some investors may have misunderstandings about the income characteristics of currency funds and treat them as short-term speculative tools, thus following the trend and buying in.