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Pandao to List Ether ETF on Hong Kong Stock Exchange Dec. 3

Pando Ltd has debuted its spot Ethereum ETF, offering Hong Kong investors direct ETH exposure via cash or physical settlement on the HKEX under ticker 3085.HK.

ETH

Summary

On December 3, 2025, Pando Ltd launched its spot Ethereum ETF (3085.HK) on the Hong Kong Stock Exchange, directly tracking the CME CF Ether-Dollar Index. This ETF provides Hong Kong investors with direct exposure to Ether and can be traded using existing securities accounts, offering both cash and physical settlement methods.

Terms & Concepts
  • Ether ETF: An exchange-traded fund that holds Ether, providing investors direct exposure to the cryptocurrency without owning it directly.
  • CME CF Ether-Dollar Index: A benchmark index produced by CME Group and CF Benchmarks, tracking the U.S. dollar price of Ether based on selected exchange data.
  • Physical settlement: A method of settling trades in which the actual underlying asset, such as Ether, is delivered to the buyer rather than its cash equivalent.