Multicoin Capital’s Samani Predicts SOL ETF Success Over ETH by 2025
Multicoin Capital's Kyle Samani anticipates a Solana ETF could launch in 2025, potentially outperforming Ethereum's similar products. He advocates for SEC approval, emphasizing Solana's appeal to traditional investors.
- Samani argues that Solana's on-chain fees justify its valuation better than Ethereum's.
- He suggests that Ethereum's previous ETF lacked strong reception due to insufficient proof of revenue.
- Samani compares Solana and Ethereum using a theoretical P/E ratio, stating Solana trades at 30 to 50 times its P/E, while Ethereum is around 1,000 times.
- He claims Solana's metrics align more closely with high-growth tech stocks.
- The implication is that if this trend continues, traditional investors may favor Solana over Ethereum.