Pandu to Launch Hong Kong’s Second Spot Solana ETF

Subscriptions for the Pandu Solana ETF (02831) are open from October 6 through October 12. The fund features an indicative issue price between HK$7.80 and HK$8 per share, with a minimum entry requirement of 100 shares, bringing the starting investment to approximately HK$800. Unlike other crypto-linked products that utilize staking to generate yield, Pandu has structured this fund as a passive investment that holds SOL directly without engaging in derivatives, leverage, or network validation.

Management has set an annual fee of 0.6% with an estimated recurring expense ratio of 1.6%. This pricing structure undercuts the rival ChinaAMC Solana ETF, which carries a 0.99% management fee and a 1.99% expense ratio. HashKey Exchange has been appointed to execute trade transactions, while HashKey Custody Services will maintain the physical security of the underlying assets. While the fund is denominated in US dollars for accounting, shares will trade in Hong Kong dollars. Despite the regulated structure, the issuer warns that the inherent volatility of the Solana market means investors remain at risk of significant losses, including the potential to lose their entire principal.