Pando Finance Brings Second Spot Solana ETF to Hong Kong Exchange

Applications for the Pando Solana ETF, identified by ticker 02831, are open through October 12. The firm has set an indicative issue price between HK$7.80 and HK$8 per share. Investors are required to subscribe in lots of 100, establishing a minimum entry point of approximately HK$800, excluding brokerage fees. While the fund utilizes the US dollar as its base currency, shares will trade in Hong Kong dollars on the local exchange.

Competitive Fee Structure and Asset Management

Pando is positioning its product with a 0.6% annual management fee and an estimated recurring expense ratio of 1.6%. This pricing undercuts the ChinaAMC Solana ETF, which carries a 0.99% management fee and a 1.99% expense ratio. The fund is structured as a passive vehicle, with HashKey Exchange managing trade execution and HashKey Custody Services securing the underlying assets. According to the product filing, the fund will not engage in staking, leverage, or the use of financial derivatives. Up to 100% of net assets will be allocated to SOL, with performance tracked against the CME CF Solana Dollar Reference Rate. Investors are cautioned that despite the regulated structure, the fund remains susceptible to significant market volatility, with documents warning of the potential for total loss of capital.