In June 2025, multiple LOFs under Caitong Fund hit consecutive limit ups due to capital gaming on tiny circulating shares, with premium rates exceeding 20%. The fund company urgently imposed purchase restrictions and trading halts, but speculative sentiment remained high. Industry insiders warn that high premiums are like games on quicksand; once the tide recedes, investors face the dual risk of price normalization and premium collapse.
In June 2025, multiple LOFs under Caitong Fund hit consecutive limit ups due to capital gaming on tiny circulating shares, with premium rates exceeding 20%. The fund company urgently imposed purchase restrictions and trading halts, but speculative sentiment remained high. Industry insiders warn that high premiums are like games on quicksand; once the tide recedes, investors face the dual risk of price normalization and premium collapse.
