Multicoin Capital Managing Partner: SOL ETF will outperform ETH ETF
03-18 19:48
<p>Odaily News Kyle Samani, managing partner of Multicoin Capital, said that due to Solana&#39;s fees and lower market capitalization, Solana-based exchange-traded funds (ETFs) may outperform Ethereum-based ETFs. Kyle Samani, a major investor in SOL and many of its ecological protocols, has been publicly urging the U.S. Securities and Exchange Commission (SEC) to give a positive evaluation of the SOL ETF.<br/> Samani said: &quot;The reason why the ETH ETF has not been strongly welcomed is largely because many investors look at ETH and say &#39;show me the fees&#39;&quot;, Samani believes that from an investment perspective, Solana&#39;s theoretical price-to-earnings ratio is much healthier than Ethereum. Solana&#39;s price-to-earnings ratio is 30 to 50 times, while Ethereum&#39;s price-to-earnings ratio is close to 1,000 times. (CoinDesk)<br/></p>
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