Funds borrowing through ETF arbitrage suspends trading in stocks; multiple fund companies warn of risks.

Recently, Haiguang Information plans to absorb and merge Zhongke Shuguang, with both companies halting trading. A large amount of funds are flowing into funds holding more shares of these two companies, leading to a significant increase in the size of multiple innovation-themed ETFs. On June 5th, several related ETFs saw a surge in trading volume, reaching a historical high. Faced with a surge of arbitrage funds, multiple fund companies issued urgent risk warnings. In the eyes of industry insiders, when the market's arbitrage expectations intensify, the seemingly "easy money" investment may actually have unpredictable odds of success.