Pando Sets 0.6% Fee for Hong Kong's Second Spot Solana ETF

Pando Finance plans to list a spot Solana ETF on the Hong Kong Stock Exchange on Tuesday, Oct. 13. It is the city's second fund that holds SOL directly. The fund will charge a 0.6% annual management fee.

Until now, ChinaAMC's Solana ETF has been the only listed product in Hong Kong with direct SOL exposure. Pando's fund gives traders in the region a second option for exposure through a brokerage account rather than an exchange wallet.

The Fee Is the First Point of Comparison

The 0.6% figure is the management fee only. Total running costs for an ETF include other charges, so the management fee alone does not show what holders pay in a year.

The cost gap between the two Hong Kong funds is not yet confirmed. Neither fund's offering documents nor an HKEX listing notice was available to check, and the charges for the ChinaAMC product rest on a single report. The prospectus would settle the ongoing charges, the ticker, the trading lot and the custody arrangements.

What the First Session Will Show

The listing date is set, but there is no confirmation yet that trading began on schedule. Volume and assets for the first session are not yet available. Those numbers will show whether a cheaper management fee pulls money from the existing fund or brings in new money.

The launch adds to Hong Kong's shelf of crypto products. The city is also keeping to its end-2026 deadline for new crypto licensing rules, which will shape how the trading side of the market is regulated.