Hygon's plan to merge with Sugon via a share swap and raise additional funds has led to the suspension of both companies, capturing significant market attention. Consequently, the size of related funds and ETFs focusing on information innovation themes has surged, with several ETFs witnessing record trading volumes. Fund companies caution investors about the potential arbitrage risks, emphasizing that the proportion of suspended stocks in ETFs will be diluted and the barriers to entry for arbitrage operations are considerable. Industry experts highlight that despite market consensus, predicting actual investment outcomes remains challenging.