A new historic step is firing up the crypto market now! The Solana network ($SOL) officially announced the start of trading and listing of the Pando Solana ETF fund by "Pando Finance" on the Hong Kong Stock Exchange (HKEX) officially today, Tuesday, October 13, 2026!
💡 Quick summary of this huge event:
🎯 Official ticker: The shares are now trading under the unified ticker (02831). The fund allows traditional investors and institutions to invest directly in Solana through their bank accounts without the need to open digital wallets!
💸 Fierce fee war: The new fund launched with a very low management fee of 0.6% per year, putting enormous competitive pressure on existing exchange-traded funds and opening the door to attracting massive liquidity.
📈 Closing in on the $2 billion mark: The listing comes at a highly sensitive time, as Solana ETFs worldwide are approaching $2 billion in net assets under management!
⚠️ A missing feature: The fund relies on spot buying and passive holding, meaning it will not participate in staking and therefore will not distribute staking rewards to traditional investors.
📊 Movement $SOL Now:
The currency is reacting clearly positively and reclaiming its technical levels above the 50-day moving average, trading around the $107–$108 range, as it awaits institutional liquidity flowing in through the Asian exchange over the coming hours.
🛑 Immediate trading advice:
Hong Kong's entry as a major player in Solana ETFs strengthens the project's long-term bullish outlook. But for traders right now: beware of sharp intraday volatility caused by contract liquidations, and make sure to set a stop-loss (SL) to protect your account! 🛡️💼
#Binance #solana #PandoFinance #SolanaETF #CryptoNewss
