Multicoin Capital partner: SOL ETF performance may outperform ETH ETF. Multicoin Capital partner Kyle Samani stated that due to Solana's lower fees and market capitalization, the performance of exchange-traded funds (ETFs) based on Solana may be better than those based on ETH. Kyle Samani, a major investor in SOL and many of its ecosystem protocols, has been publicly urging the US Securities and Exchange Commission (SEC) to give positive feedback on SOL ETF.
Samani said, "The reason why the ETH ETF has not been well received is largely because many investors see ETH and say, 'Show me the fees.'" Samani believes that from an investment perspective, Solana's theoretical market capitalization is much healthier than Ethereum's, with Solana's market capitalization ranging from 30 to 50 times, while Ethereum's market capitalization is close to 1,000 times.
Samani stated that Solana's price-to-earnings ratio is "more in line with high-growth tech stocks".
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Multicoin Capital managing partner: SOL ETF performance will outperform ETH ETF
Multicoin Capital partner: SOL ETF performance may outperform ETH ETF. Multicoin Capital partner Kyle Samani stated that due to Solana's lower fees and market capitalization, the performance of exchange-traded funds (ETFs) based on Solana may be better than those based on ETH. Kyle Samani, a major investor in SOL and many of its ecosystem protocols, has been publicly urging the US Securities and Exchange Commission (SEC) to give positive feedback on SOL ETF. Samani said, "The reason why the ETH ETF has not been well received is largely because many investors see ETH and say, 'Show me the fees.'" Samani believes that from an investment perspective, Solana's theoretical market capitalization is much healthier than Ethereum's, with Solana's market capitalization ranging from 30 to 50 times, while Ethereum's market capitalization is close to 1,000 times. Samani stated that Solana's price-to-earnings ratio is "more in line with high-growth tech stocks".