According to BlockBeats news on July 19, reported by (Hong Kong Wen Wei Po), the 'Pandora Bitcoin ETF' (2818) issued by the licensed virtual asset management company Pandora was listed in Hong Kong yesterday, surging over 13% during trading, closing at HKD 7.98, with an increase of HKD 0.129 for the day, a rise of 1.64%. Pandora's founder and CEO Ren Junfei revealed intentions to 'make another move' and plans to launch a spot Ethereum ETF product with a staking mechanism in Hong Kong in the second half of this year.
When asked why there was no simultaneous launch of a spot Ethereum ETF like other issuers, Ren Junfei revealed plans to introduce an Ethereum ETF with a staking component within this year, which will not only be a simple spot holding product but will also include an additional revenue mechanism. Currently, discussions are ongoing with regulatory bodies, including how to protect investor rights and details on subscription and redemption operations.
Pandora Bitcoin ETF is a passive ETF that directly holds Bitcoin, with a listing price of approximately HKD 7.8512 per unit, 100 shares per lot, and an entry fee of about HKD 786. The management fee is 1%. Bank of China International UK Trust serves as the trustee and administrative manager, while OSL Digital Securities Limited is the sub-trustee for Bitcoin holdings.
