Kyle Samani: Solana ETF to outperform ETH ETF

Kyle Samani, co-founder of cryptocurrency investment firm Multicoin Capital, predicts that a Solana (SOL) exchange-traded fund (ETF) will outperform the Ethereum (ETH) ETF once it obtains approval. According to CoinDesk, Samani stated at the Digital Asset Summit that one of the reasons ETH ETFs are not very popular is because of the fees. From an investment perspective, the Multicoin Capital co-founder thinks that Solana’s theoretical price-to-earnings ratio (P/E) is much healthier than Ethereum’s. Solana is trading at 30-50x its P/E, while Ethereum is trading closer to 1,000x its P/E.