Solana ETF Lists in Hong Kong on October 13 With a 1.6% Expense Ratio
Pando Finance will list its Solana ETF on the Hong Kong Stock Exchange on October 13.
The estimated expense ratio is 1.6% annually.
The ETF will hold SOL through HashKey, with no staking, leverage or dividend payouts, per the key facts statement.
It will be Hong Kong’s second Solana ETF, after the ChinaAMC Solana ETF.
SOL ETFs recorded more than $30 million in outflows this month.
Circle has minted $3.5 billion in USDC on Solana over the past seven days.
Pando Finance will list its Solana ETF on the Hong Kong Stock Exchange on October 13, according to Solana’s official announcement. It will be Hong Kong’s second Solana ETF.
The listing comes in a month when SOL ETFs have recorded more than $30 million in outflows.
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Hong Kong Solana ETF at a Glance
Key terms and figures:
Issuer: Pando Finance
Exchange: Hong Kong Stock Exchange
Listing date: October 13
Estimated expense ratio: 1.6% annually
Custody: SOL held through HashKey
Not included: staking, leverage or dividend payouts
Hong Kong’s first Solana ETF: ChinaAMC Solana ETF
Readers who follow Solana news and ETF flows in real time can do so through the SpotX live stream.
Main News: Pando Finance Lists a Solana ETF in Hong Kong
Pando Finance will list its Solana ETF on the Hong Kong Stock Exchange on October 13. The estimated expense ratio is 1.6% annually.
The fund will hold SOL through HashKey. It has no staking, leverage or dividend payouts, per the key facts statement.
It will be Hong Kong’s second Solana ETF, after the ChinaAMC Solana ETF.
SOL ETFs Record October Outflows
SOL ETFs have recorded more than $30 million in outflows this month. That follows a strong start to the fourth quarter.
SOL is also down more than 5% this month.
Traders who monitor Solana ETF flows and wallet activity can follow live data through SpotX.
USDC Minting on Solana
According to SolanaFloor, Circle has minted $3.5 billion in USDC on Solana over the past seven days. That keeps the network’s stablecoin market cap above $16 billion.
USDC minted on Solana, past seven days: $3.5 billion
Solana stablecoin market cap: above $16 billion
Long Liquidations on October 8
Over $65 million in long positions were liquidated on October 8, according to Coinglass data cited in the report. It was the biggest single-day flush since early June.
SOL closed the week down more than 8%.
Summary: Solana ETF News
Pando Finance will list its Solana ETF on the Hong Kong Stock Exchange on October 13 at an estimated 1.6% annual expense ratio.
Fund: holds SOL through HashKey, with no staking, leverage or dividends
Hong Kong: second Solana ETF, after ChinaAMC’s
October ETF flows: more than $30 million in outflows
Stablecoins: $3.5 billion USDC minted on Solana in seven days
Liquidations: over $65 million in longs on October 8
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Frequently asked questions
When does the Pando Finance Solana ETF list?
Pando Finance will list its Solana ETF on the Hong Kong Stock Exchange on October 13.
What is the expense ratio?
The estimated expense ratio is 1.6% annually.
How will the fund hold SOL?
It will hold SOL through HashKey, with no staking, leverage or dividend payouts, per the key facts statement.
Is it Hong Kong’s first Solana ETF?
No. It will be Hong Kong’s second, after the ChinaAMC Solana ETF.
How much have SOL ETFs lost this month?
SOL ETFs have recorded more than $30 million in outflows this month.
How much USDC has been minted on Solana?
According to SolanaFloor, Circle has minted $3.5 billion in USDC on Solana over the past seven days.