Pando Sets October Date for Solana ETF Listing

Pando Finance has set 13 October 2026 as the listing date for its Solana ETF on the Hong Kong Stock Exchange, giving investors in the region a new exchange-traded route to direct SOL exposure. The fund trades under stock code 2831 with the short name PANDO SOL and a 100-share board lot, per the HKEX Trading Arrangement Notice.

What Pando has confirmed about the fund

The ETF is structured as a passive fund that directly holds SOL, with a base currency of USD and trading denomination in HKD. Pando’s issuer page lists the fund’s ISIN as HK0001372793 and reports 8,200,000 outstanding units with a total NAV of USD 7,963,259.22 as of the listing date. For related coverage, see Bitcoin Whales Resume Accumulation After Selling, CryptoQuant Says.

The annual management fee is set at 0.60% per annum, with ongoing charges estimated at 1.60%. That fee sits below the 0.99% charged by ChinaAMC’s competing Solana ETF on HKEX, making Pando the lower-cost option among Hong Kong’s listed Solana products. For related coverage, see Optimism (OP) Jumps Nearly 20% as Unichain Moves to OP Enterprise.

Why the listing draws attention

Hong Kong has moved steadily to expand its regulated crypto ETF shelf, and a second Solana product on HKEX deepens that trend. For investors seeking exchange-traded SOL exposure without holding the asset directly, a listed fund on a major regulated bourse provides a familiar, custodied structure. The listing comes as broader institutional appetite for crypto-linked products continues to grow across Asia and the U.S.

SOL traded at $105.03 at the time of data capture, down 2.04% over 24 hours, with a market cap near $61.9 billion and 24-hour volume of approximately $3.2 billion. The broader crypto Fear & Greed Index registered 62, in Greed territory, suggesting risk appetite remains intact despite the intraday SOL pullback.

The fund does not include staking, a structural note that matters for yield-focused allocators comparing it against protocols with native staking returns. It is a straightforward spot-holding vehicle, consistent with the passive ETF framework Pando describes. This mirrors the approach seen when institutions have structured regulated crypto exposure products around direct asset custody rather than derivative overlays.

Key details to monitor going forward

The fund’s launch NAV of roughly USD 7.96 million is a small opening figure; inflow momentum in the first trading sessions will indicate whether institutional and retail demand is materializing at scale. Investors should watch Pando Finance’s official channels and HKEX disclosures for updates on daily NAV, secondary market liquidity, and any changes to ongoing charges beyond the 1.60% estimate. Regulatory developments affecting Hong Kong’s virtual asset ETF framework could also influence the product’s trajectory, much as evolving rules have shaped crypto market-access approvals in other jurisdictions.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.