The aggregate size of Exchange-Traded Funds (ETFs) continued its upward trajectory in 2025, surpassing the 4 trillion yuan mark at the onset of April and edging closer to 4.3 trillion yuan by June 27. Notably, the size of equity ETFs surpassed 3 trillion yuan for the first time, highlighting a burgeoning demand for the allocation of core A-share assets in the market. This significant milestone also underscores investors' growing confidence in China's economic recovery.