On September 18, 2025, the second batch of 14 tech innovation bond ETFs issued announcements about the activation of their fund contracts. The total issuance amount reached 40.786 billion yuan, with 13 of these ETFs having individual issuance sizes exceeding 2.9 billion yuan each. At this juncture, the combined size of tech innovation bond ETFs soared past 170 billion yuan, while the overall size of bond ETFs surpassed 600 billion yuan. With the introduction of the second batch of products, the total count of tech innovation bond ETFs climbed to 24, with financial management funds emerging as the main force behind these allocations.

Several financial management institutions affiliated with banks are leveraging tech innovation bond ETFs to strike a balance between returns and liquidity. Their primary motivations stem from the need for liquidity management, the demand for risk diversification, and policy directives. These factors have propelled them from an initial phase of innovation to a stage of significant scale expansion. However, industry experts advise that while tech innovation bond ETFs possess allocation value, it is still prudent to exercise caution due to potential volatility in component bonds and associated credit risks.