Pando Lists Hong Kong's Second Spot Solana ETF at a 0.6% Fee

Hong Kong is getting its second spot Solana ETF. Pando Finance is listing the Pando Solana ETF, ticker 02831, on the Hong Kong Stock Exchange on 13 October 2026.

The headline number is the fee. Pando has set an annual management fee of 0.6%, against 0.99% for the only other spot Solana fund in the city, ChinaAMC's Solana ETF (03460). If you want SOL exposure through a Hong Kong brokerage account, you now have a choice, and one of the two options is cheaper on paper.

The Fee Gap With ChinaAMC

A management fee of 0.6% versus 0.99% is a difference of 0.39 percentage points a year. On a HK$100,000 holding, that works out to about HK$390 a year.

The management fee is not the whole cost, though. ChinaAMC's fund carries a total ongoing expense ratio of 1.99%, so the real comparison is between full running costs. Pando's own offering documents would settle its full figure, and we have not seen them yet.

No Staking, No Leverage

The fund holds actual SOL. It will not stake that SOL, so holders will not earn staking rewards through this product. It also uses no derivatives and no leverage.

That matters if you compare it with holding SOL yourself. A self-custodied holder can stake and collect rewards. An investor in this ETF gets price exposure only.

Trading of the underlying SOL runs through HashKey Exchange, and HashKey Custody Services holds the fund's coins.

Pando's Third Crypto ETF

This is Pando's third spot virtual-asset product in Hong Kong, after its Bitcoin and Ethereum ETFs. Adding Solana takes the firm beyond the two largest coins for the first time.

The listing lands while spot Solana ETFs are still small next to their Bitcoin peers. Figures shared by Solana's official X account put global spot SOL ETF net assets at about $1.9 billion, with $1.61 billion in cumulative net inflows. Those numbers cover every market, not just Hong Kong.

What to Watch in the First Sessions

First-day trading volume, the opening price and any premium or discount to the fund's net asset value were not available at the time of writing.

Those are the numbers that will show whether a lower fee pulls Hong Kong investors away from the incumbent fund, or whether the city's appetite for a second Solana product is thin. A fee cut only matters if people trade the cheaper fund.