Hong Kong has listed another SOL ETF today, with fees cut to 60% of the other fund’s rate.
The Pando Solana ETF (02831) was listed on the Hong Kong Stock Exchange on October 13, becoming Hong Kong’s second spot SOL ETF (confirmed by CryptoTimes and several other outlets). Key details:
◆ Management fee of 0.6%, just 60% of the rate charged by the ChinaAMC fund (0.99%); total expense ratio of 1.6% vs. 1.99%
◆ Tracks the Asia-Pacific closing price of the CME Solana Index; physically holds SOL, with no staking, derivatives, or leverage
◆ HashKey handles trading and custody; 100 shares per board lot, with an initial investment of around HK$800
◆ Pando’s third spot crypto ETF (the first two were BTC and ETH)
Background: Global spot SOL ETFs have around $1.9 billion in net assets and cumulative net inflows of $1.61 billion (according to Solana’s official figures). SOL ETFs in the US are still seeing outflows, while Hong Kong is accelerating its listings—the flow of capital is moving in completely opposite directions in the East and West.
My take: A fee war is good news for retail investors. You can buy exposure to $SOL directly through a Hong Kong stock account, without having to manage a wallet—the regulated investment channel just got a little wider.
Tap $SOL to see whether there’s any movement on the ETF’s first day of trading 👇
#SOL #ETF
Personal opinion only; this is not investment advice.
The Pando Solana ETF (02831) was listed on the Hong Kong Stock Exchange on October 13, becoming Hong Kong’s second spot SOL ETF (confirmed by CryptoTimes and several other outlets). Key details:
◆ Management fee of 0.6%, just 60% of the rate charged by the ChinaAMC fund (0.99%); total expense ratio of 1.6% vs. 1.99%
◆ Tracks the Asia-Pacific closing price of the CME Solana Index; physically holds SOL, with no staking, derivatives, or leverage
◆ HashKey handles trading and custody; 100 shares per board lot, with an initial investment of around HK$800
◆ Pando’s third spot crypto ETF (the first two were BTC and ETH)
Background: Global spot SOL ETFs have around $1.9 billion in net assets and cumulative net inflows of $1.61 billion (according to Solana’s official figures). SOL ETFs in the US are still seeing outflows, while Hong Kong is accelerating its listings—the flow of capital is moving in completely opposite directions in the East and West.
My take: A fee war is good news for retail investors. You can buy exposure to $SOL directly through a Hong Kong stock account, without having to manage a wallet—the regulated investment channel just got a little wider.
Tap $SOL to see whether there’s any movement on the ETF’s first day of trading 👇
#SOL #ETF
Personal opinion only; this is not investment advice.