Can Hong Kong’s new Solana ETF reverse October’s weak fund demand?

Solana’s latest announcement comes at a key moment for the market. In its official announcement, Solana noted that Pando Finance will list its Solana ETF on the Hong Kong Stock Exchange on the 13th of October. With an estimated expense ratio of 1.6% annually, the ETF will hold SOL through HashKey, with no staking, leverage or dividend payouts, per the key facts statement. This will make it Hong Kong’s second Solana ETF, after the ChinaAMC Solana ETF. Viewing from a broad perspective, the timing is when institutional flows are becoming weak.

Source: AMBCrypto