Multicoin Capital Managing Partner: SOL ETF will outperform ETH ETF

Odaily Planet Daily News Multicoin Capital Managing Partner Kyle Samani said that due to Solana fees and lower market capitalization, Solana-based exchange-traded funds (ETFs) may outperform Ethereum-based ETFs. It is reported that Kyle Samani is a major investor in SOL and many of its ecological protocols. He has been publicly urging the U.S. Securities and Exchange Commission (SEC) to give a positive evaluation of the SOL ETF. Samani said: "The reason why the ETH ETF has not been strongly welcomed is largely because many investors see ETH and say 'show me the fees'". Samani believes that from an investment perspective, Solana's theoretical price-to-earnings ratio is much healthier than Ethereum. Solana's price-to-earnings ratio is 30 to 50 times, while Ethereum's price-to-earnings ratio is close to 1,000 times. (CoinDesk)