Damn, Hong Kong's second $SOL spot ETF is live!
The Pando Solana ETF began trading on the Hong Kong Stock Exchange on October 13. It has an annual management fee of 0.6% and directly holds spot SOL, with no leverage, derivatives, or staking.
But it traded only about HK$1.99 million on its first day, and the earlier ChinaAMC SOL ETF has only a few million dollars in assets.
SOL is following the ETF path taken by $BTC and $ETH —it's just that the money hasn't caught up yet.
Do you think institutional money will come in, or will this be another cold start?
#SOL #ETH
The Pando Solana ETF began trading on the Hong Kong Stock Exchange on October 13. It has an annual management fee of 0.6% and directly holds spot SOL, with no leverage, derivatives, or staking.
But it traded only about HK$1.99 million on its first day, and the earlier ChinaAMC SOL ETF has only a few million dollars in assets.
SOL is following the ETF path taken by $BTC and $ETH —it's just that the money hasn't caught up yet.
Do you think institutional money will come in, or will this be another cold start?
#SOL #ETH