Multicoin Capital Managing Partner: SOL ETFs Will Become ETH ETFs
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According to Golden Finance, Kyle Samani, managing partner at Multicoin Capital, said Solana-based exchange-traded funds (ETFs) may outperform Ethereum-based ETFs due to Solana fees and lower market cap. It is reported that Kyle Samani, a leading investor in SOL and its many ecological agreements, has been publicly urging the U.S. Securities and Exchange Commission (SEC) to give positive comments to the SOL ETF.
"The reason why ETH ETFs are not strongly welcomed is largely because many investors say 'Show me the fees' when they see ETH," Samani believes that from an investment perspective, Solana's theoretical P/E ratio is much healthier than Ethereum, with Solana's P/E ratio of 30 to 50 times, while Ethereum's P/E ratio is close to 1,000 times.
Samani said Solana's P/E ratio is "more consistent with high-growth tech stocks".