Hong Kong to List Pando Solana ETF as US Funds Face Record Outflows
Key Facts
The Pando Solana ETF is scheduled for listing in Hong Kong on October 13, 2026, marking a further expansion of regulated crypto investment access in the region. According to coinpaper.com, the launch comes as US-based Solana ETFs experienced record weekly outflows totaling $24.8 million, highlighting a divergence in institutional sentiment between Asian and American markets.
The recent US outflows ended a 14-week streak of consistent inflows for Solana investment products. Reporting from coinpaper.com indicates these withdrawals represent the largest weekly net outflow since the funds launched in October 2025, nearly tripling the previous record of $8.9 million amid broader caution across the cryptocurrency fund sector.
Latest Updates · 7
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Update: Grayscale purchased $20 million worth of Solana for its newly launched investment product on October 13, 2026. This move comes amid renewed investor interest, providing a fresh capital inflow that contrasts with the record outflows recently observed in the US market.
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Update: Solana (SOL) was trading at $106.54 on October 13, 2026, after recovering to a session high above $107. This price recovery occurred as the Pando Solana ETF officially commenced trading on the Hong Kong Stock Exchange.
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Update: Solana's price rose to $108.17 on October 13, 2026, as the asset reclaimed its 50-day exponential moving average (EMA). This price recovery coincided with the launch of the tokenized USDGO fund, providing a technical counterpoint to the recent record outflows seen in US-based investment products.
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Update: New data shows Solana leading cryptocurrency market mindshare with a 16.74% share, significantly outpacing Bitcoin and Ether. This represents a 9.88% increase in market attention over the past month, despite recent price declines and the recorded fund outflows.
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Update: Solana has surpassed Bitcoin and Ethereum in crypto market mindshare as of October 13, 2026. This shift in market sentiment underscores the asset's growing prominence despite the recent outflows observed in US-based investment products.
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Update: Solana regained its leadership in tokenized-equities decentralized exchange (DEX) volume, processing $4.8 billion in the second quarter of 2026. This performance marks a substantial increase from the $1.1 billion recorded in the first quarter, reflecting a surge in on-chain operational activity despite the volatility in investment fund flows.
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Update: The withdrawal streak for U.S. funds extended to a sixth consecutive trading day as the VSOL fund saw an additional $0.7 million in net outflows on October 12, 2026. This data underscores persistent selling pressure on U.S.-listed Solana products even as new regulated options debut in Hong Kong.