Solana holds above $107 as Hong Kong lists second spot ETF, outflows slow

Solana climbed above $107 on Tuesday, showing signs of stabilization after falling the previous day. The upward move came as buyers targeted the 50-day exponential moving average, a commonly watched technical level for the cryptocurrency. On Monday, Solana announced that the Pando Solana ETF would debut on the Hong Kong Stock Exchange the following day. This product becomes the city’s second spot Solana exchange-traded fund, broadening institutional access to SOL via familiar investment vehicles. Pando Asset, an investment management company specializing in digital asset products, partnered with local market participants to bring the new ETF to market.