Multicoin Capital United: SOL ETFs to Outperform ETH ETFs

Multicoin Capital co-founder Kyle Samani says Solana-based exchange traded funds (ETFs) could outperform ethereum-based ETFs due to Solana fees and lower market capitalisations.Kyle Samani, who is a major investor in SOL and many of its eco-protocols, is said to have been publicly urging the US Kyle Samani, a major investor in SOL and many of its eco-protocols, has been publicly urging the U.S. Securities and Exchange Commission (SEC) to give a positive review of SOL ETFs.
From an investment perspective, Solana's theoretical P/E ratio is much healthier than Ether,’ Samani said. He calculates Solana's P/E at 30 to 50 times, while Ether's P/E is closer to 1,000 times.’ (CoinDesk)
Odaily Note: P/E ratio is a measure of the valuation of a company's stock, calculated by dividing the share price or market capitalisation per share by the earnings per share, a high P/E ratio means that a company is overvalued, and conversely a low P/E ratio indicates that its company is undervalued, combining blockchain revenues and tokens can also be a way to determine how high or low the metric is.