Pando Launches Second Solana ETF in Hong Kong Amid U.S. Outflows

Pando launched the second Solana ETF in Hong Kong as U.S. funds recorded $24.8 million in recent outflows, highlighting a split in regional demand for crypto investment products.

The product gives Hong Kong investors another exchange-traded vehicle tied to Solana, a blockchain network used for decentralized applications and crypto projects. Its launch expands the number of listed Solana investment products available in the market.

The U.S. outflows came as the Hong Kong product entered the market, creating a contrast between new product availability in Asia and withdrawals from U.S. funds. The figures indicate changing preferences among investors using regulated investment vehicles for crypto exposure.

Pando’s ETF is expected to increase Solana’s visibility among institutional investors, although no specific trading-volume or price data accompanied the launch. The broader crypto market was described as mixed, leaving the ETF’s market impact dependent on future trading activity and fund flows.