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      Pando Finance Launches Second Solana ETF on Hong Kong Stock Exchange

      Pando Finance is set to debut its second spot Solana exchange-traded fund (ETF) on the Hong Kong Stock Exchange (HKEX) on October 13, 2026, under the ticker symbol 2831.HK. This fund will provide investors with a regulated option to gain exposure to Solana (SOL) through a brokerage account, following the launch of a similar product by Huaxia, which trades under 03460.

      The new ETF is designed as a passive investment vehicle that tracks the CME CF Solana Dollar Index, specifically using the Asia Pacific closing price. Subscriptions for the fund were open from October 6 to 12, with an indicative issue price ranging from HKD 7.8 to 8.0 per share, requiring a minimum investment of approximately HKD 800 for a lot of 100 shares. The fund will charge a management fee of 0.6%, with an estimated ongoing charges ratio of 1.6%.

      Pando Finance, which has previously launched Bitcoin and Ethereum ETFs, is expanding its offerings with this Solana fund. The fund will not pay dividends and will not employ leverage, providing investors with straightforward, one-to-one exposure to the index. The launch of this ETF is significant for institutional investors who may have restrictions on direct cryptocurrency holdings, as it offers a compliant investment alternative.

      Globally, spot Solana ETFs hold approximately $1.9 billion in net assets, with cumulative inflows of around $1.6 billion. The introduction of Pando's fund adds to the competitive landscape in Hong Kong, where it will be evaluated against Huaxia's offering based on cost, trading volume, and tracking accuracy.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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