Pando Solana ETF

Pando Solana ETF is a passively managed exchange-traded fund (ETF). Its investment objective is to provide investment results that closely correspond to the price performance of solana as reflected by the CME CF Solana-Dollar Index (Asia Pacific Closing Price), before fees and expenses, thereby providing exposure to the value of solana. What are the Solana network and solana? The Solana network is a high-performance Layer-1 blockchain platform whose novel mechanism combines Proof of History (PoH) with Proof of Stake (PoS) to achieve sub-second block confirmations. solana is a unit of account on an open-source, decentralized, and peer-to-peer computer network (the "Solana network"). Advantages of holding the Pando Solana ETF compared to directly holding solana: No wallet or private keys required — just a securities account: Investors do not need to create or manage cryptocurrency wallets. They can easily trade and invest in digital currency ETFs through their existing securities accounts, lowering the barrier to participating in digital asset investments and enabling more investors to enter the market conveniently. Peace of mind with regulatory compliance: As a financial product regulated under the Hong Kong Stock Exchange listing regime and an SFC-recognized collective investment scheme, the Pando Solana ETF offers security and transparency in compliance with applicable regulations, providing investors with a trustworthy investment experience. Lowest management fee in the market: The management fee of the Pando Solana ETF is as low as 0.60%, striving to reduce the holding costs for long-term investors while maintaining safety and regulatory compliance. (As of October 5, 2026, the average management fee of comparable spot Solana ETFs listed on the Hong Kong Stock Exchange is 0.99%.) Choice of in-kind or cash subscription and redemption: In addition to general cash subscriptions, investors may subscribe for ETF shares in-kind through participating dealers using digital currencies directly. Unlike some ETF products that can only be subscribed to and traded in fiat currency, in-kind subscription enhances investment flexibility and market transparency.