Hong Kong’s Second Spot Solana ETF Debuts Oct 13 as Pando Undercuts ChinaAMC with 0.6% Fee

Hong Kong is adding a second spot Solana ETF to its exchange today.

Pando Finance lists its passively managed Solana fund (ticker: 02831 / 2831.HK) on the Hong Kong Stock Exchange (HKEX) on October 13, 2026.

The launch brings direct competition to ChinaAMC’s first-mover product and deepens Asia’s regulated access to SOL.

Pando’s Lower Fees Put Pressure on the Incumbent

Pando Finance’s new fund charges an annual management fee of 0.6%. Its estimated ongoing charges ratio stands at 1.6%.

That directly undercuts ChinaAMC’s spot Solana ETF (03460), which carries a 0.99% management fee and a 1.99% ongoing expense ratio.

BREAKING: A second spot Solana ETF is coming to Hong Kong.

Pando Solana ETF (https://t.co/l4VjGXFCPy) is set to list on HKEX on 13 October. Globally, spot SOL ETFs hold $1.9B in net assets, with $1.61B in cumulative net inflows. pic.twitter.com/U6gqLqK8qV

— Solana (@solana) October 12, 2026

When Hong Kong approved its first-ever Solana ETF in Asia last year, analysts set a $400 SOL price target and flagged the city as a gateway for institutional Asian capital.

Pando’s entry is now testing whether lower costs can shift that capital.

The fund tracks the CME CF Solana Dollar Index (Asia-Pacific closing price variant). It holds actual SOL, no staking, no leverage, no derivatives.