Pando Finance launches Solana spot ETF on Hong Kong Stock Exchange

Pando Finance has launched a spot Solana (SOL) exchange-traded fund (ETF) on the Hong Kong Stock Exchange (HKEX). The fund, which trades under ticker 2831, is physically backed and passively managed, providing investors with direct exposure to Solana’s price movements without the use of derivatives leverage.

The ETF tracks the CME CF Solana Dollar Index and uses the U.S. dollar as its base currency while trading in Hong Kong dollars. This launch marks the second spot Solana ETF on the HKEX, following a previous product from ChinaAMC.

This development is part of Hong Kong’s broader strategy to establish itself as a regulated hub for digital asset innovation in Asia. The introduction of the fund adds to Pando Finance’s existing suite of spot Bitcoin and Ethereum ETFs on the exchange, increasing the availability of high-performance layer-1 assets for institutional and traditional investors in the region.