Core Insights - Pando Limited has launched the Pando Ether ETF (3085.HK) on December 3, 2025, providing a compliant avenue for investors to participate in the Ether market, marking a significant integration of digital finance with traditional capital markets [1][5] Company Overview - Pando Limited is a licensed company offering virtual asset management services, having obtained licenses from the Hong Kong Securities and Futures Commission for various categories, including virtual asset-related services [7][8] - The company has issued two actively managed ETF products and two passive virtual asset ETF products, showcasing its strategic positioning in the digital asset management sector [7][8] Product Features - The Pando Ether ETF directly holds Ether and is benchmarked against the CME CF Ether USD Index (Asia-Pacific closing price), aiming to provide investment returns closely aligned with Ether's value before fees [3][7] - The ETF offers a user-friendly trading system for Hong Kong investors, allowing transactions through existing securities accounts with options for cash or physical redemption [3][7] Market Reception - On its first trading day, the ETF saw strong investor interest, reflecting a high demand and recognition for compliant digital asset investment tools [3][7] - Pando Limited expressed gratitude for the market's support, indicating a commitment to further develop diversified and professional digital asset investment tools to meet global investor needs [3][7] Future Outlook - The company plans to leverage the launch of the Pando Ether ETF to deepen collaboration with industry partners, promoting the integration of digital assets with traditional finance and enhancing Hong Kong's digital financial ecosystem [3][7]

（来源：吴说） 来源：市场资讯 吴说获悉，潘渡以太币 ETF 将于 12 月 3 日在港交所上市，股份代号 3085.HK。该产品由虚拟资产管理 服务持牌机构潘渡推出，直接持有以太币（ETH），以芝商所 CF 以太币美元指数（亚太收市价）为基 准，支持现金与实物申赎。香港投资者可通过现有证券账户参与交易，每手买卖单位为100股。 ...

Core Viewpoint - The launch of the Pandu Ether ETF on December 3 marks a significant expansion of Pandu Limited's product offerings in the virtual asset sector, showcasing its expertise and innovation in digital assets [1][2] Group 1: Product Details - The Pandu Ether ETF (03085) will be listed on the Hong Kong Stock Exchange and is designed to provide direct exposure to Ether by investing directly in Ether and tracking the CME CF Ether-Dollar Index (Asia-Pacific closing price) [1] - The ETF employs a passive management strategy, investing no more than 100% of its net asset value in Ether without engaging in pledging or other financial derivatives [1] - Investors in Hong Kong can trade the ETF through existing securities accounts, with options for cash or physical redemption [1] Group 2: Company Positioning - The launch of the Ether ETF enhances Pandu's product matrix in the virtual asset space, reinforcing its market leadership and commitment to providing diversified and compliant investment solutions [2] - Pandu Limited holds licenses from the Hong Kong Securities and Futures Commission for categories 1, 4, and 9, and has public fund qualifications, indicating its robust regulatory compliance and experience in managing digital assets [1]