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#Hong Kong’s second spot Solana ETF to list on October 13
Hong Kong is set to get its second spot Solana ETF.
Pando Finance has announced its listing plans.
It is scheduled to list on October 13.
It will trade on the Hong Kong Stock Exchange.
Its ticker is 2831.
Its selling point is straightforward.
The management fee is set at 0.6%.
That’s lower than the fee charged by ChinaAMC’s ETF.
The latter charges 0.99%.
With a lower fee, it has a tool to attract investors.
The product structure is also worth noting.
The fund holds only SOL.
It does not stake its holdings.
Investors get price exposure, but no staking rewards.
That’s different from holding the token directly.
Meanwhile, the US market is cooling.
Spot Solana ETFs saw net outflows of $24.8 million last week.
That’s their biggest weekly outflow since launch.
A 14-week streak of inflows has come to an end.
Just two weeks ago, they attracted $188 million.
The contrast is striking.
For crypto, regulated access in Asia is expanding while US capital is pulling back.
Do you think Hong Kong’s SOL ETF can attract strong trading volumes? Let’s talk in the comments.
#Hong Kong’s second spot Solana ETF to list on October 13
Hong Kong is set to get its second spot Solana ETF.
Pando Finance has announced its listing plans.
It is scheduled to list on October 13.
It will trade on the Hong Kong Stock Exchange.
Its ticker is 2831.
Its selling point is straightforward.
The management fee is set at 0.6%.
That’s lower than the fee charged by ChinaAMC’s ETF.
The latter charges 0.99%.
With a lower fee, it has a tool to attract investors.
The product structure is also worth noting.
The fund holds only SOL.
It does not stake its holdings.
Investors get price exposure, but no staking rewards.
That’s different from holding the token directly.
Meanwhile, the US market is cooling.
Spot Solana ETFs saw net outflows of $24.8 million last week.
That’s their biggest weekly outflow since launch.
A 14-week streak of inflows has come to an end.
Just two weeks ago, they attracted $188 million.
The contrast is striking.
For crypto, regulated access in Asia is expanding while US capital is pulling back.
Do you think Hong Kong’s SOL ETF can attract strong trading volumes? Let’s talk in the comments.