Pando plans to list a SOL spot ETF in Hong Kong on October 13, 2026, under the ticker 2831.HK. The product holds SOL directly—without engaging in staking—and carries an annual management fee of 0.60%, with an estimated total expense ratio of 1.60%.
With wall-to-wall publicity and endorsements from KOLs big and small, are you tempted?
If you lack specialized knowledge, at least rely on common sense. You need to distinguish between "listing simply creates a new trading venue" and "there is actual net capital inflow." When existing shares are traded—with some buying and others selling—the fund's total size does not necessarily increase. Common sense dictates that you must assess whether there is genuine demand for new capital.
Here are a few tips for the "retail chumps"—no need to thank me:
1. Have there been any updates to the listing schedule?
2. Has the data regarding share counts and net asset values (NAV)—complete with dates—been fully disclosed?
3. What do trading volume and spreads reveal about the actual trading experience?
Still don't get it? Then you might as well just go to bed.
With wall-to-wall publicity and endorsements from KOLs big and small, are you tempted?
If you lack specialized knowledge, at least rely on common sense. You need to distinguish between "listing simply creates a new trading venue" and "there is actual net capital inflow." When existing shares are traded—with some buying and others selling—the fund's total size does not necessarily increase. Common sense dictates that you must assess whether there is genuine demand for new capital.
Here are a few tips for the "retail chumps"—no need to thank me:
1. Have there been any updates to the listing schedule?
2. Has the data regarding share counts and net asset values (NAV)—complete with dates—been fully disclosed?
3. What do trading volume and spreads reveal about the actual trading experience?
Still don't get it? Then you might as well just go to bed.