Solana ETF in Hong Kong at 0.6 percent: what changes for European investors

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Hong Kong has launched its second spot ETF on Solana at a management fee of 0.6 percent. You cannot buy it from Europe, but the number throws light on European costs: on Xetra, a full percentage point a year separates two Solana wrappers.Hong Kong saw the launch of its second spot ETF on Solana on October 13, issued by Pando Finance under the ticker 02831. The management fee is 0.6 percent a year. You cannot buy this product from Europe. The number still matters, because it shows the range in which the cost of a Solana wrapper now sits. On Xetra the spread runs from 1.50 to 2.50 percent a year, and over ten years that gap costs more than any single day's move. Pando lists Hong Kong's second Solana spot ETF The fund was introduced on the Hong Kong Stock Exchange after a subscription period running from October 6 to 12. That makes it the city's second spot ETF on Solana after the ChinaAMC product, and Pando Finance's third exchange-traded product on a single cryptocurrency, follow...