Hong Kong’s second Solana spot ETF is coming.
The Pando Solana ETF (02831 HK) is expected to list on the Hong Kong Stock Exchange on October 13. The subscription period runs from October 6 to 12. Each lot consists of 100 shares, and the indicative offer price is HK$7.8–8 per share.
What’s really worth noting is the cost:
The annual management fee is 0.6%, but the estimated annual ongoing charges ratio is 1.6%.
That’s more than double.
So when evaluating an ETF, don’t focus solely on the management fee. For long-term investors, the key is the product’s total ongoing costs.
Also, this ETF doesn’t stake its holdings and doesn’t use leverage. That means it won’t earn staking rewards, but its structure is simpler and avoids related operational risks.
Global net assets in Solana spot ETFs currently total around US$1.9 billion, with cumulative net inflows of about US$1.61 billion.
The addition of another spot ETF in Hong Kong essentially creates another route for investors to gain SOL exposure through traditional securities markets.
ETFs have made it easier to buy SOL, but it’s still important to understand the costs when choosing one.
The Pando Solana ETF (02831 HK) is expected to list on the Hong Kong Stock Exchange on October 13. The subscription period runs from October 6 to 12. Each lot consists of 100 shares, and the indicative offer price is HK$7.8–8 per share.
What’s really worth noting is the cost:
The annual management fee is 0.6%, but the estimated annual ongoing charges ratio is 1.6%.
That’s more than double.
So when evaluating an ETF, don’t focus solely on the management fee. For long-term investors, the key is the product’s total ongoing costs.
Also, this ETF doesn’t stake its holdings and doesn’t use leverage. That means it won’t earn staking rewards, but its structure is simpler and avoids related operational risks.
Global net assets in Solana spot ETFs currently total around US$1.9 billion, with cumulative net inflows of about US$1.61 billion.
The addition of another spot ETF in Hong Kong essentially creates another route for investors to gain SOL exposure through traditional securities markets.
ETFs have made it easier to buy SOL, but it’s still important to understand the costs when choosing one.