According to Kyle Samani, managing partner at Multicoin Capital, exchange-traded funds (ETFs) based on Solana are likely to outperform Ethereum-based ETFs due to Solana fees and lower market capitalization. Kyle Samani, an anchor of SOL and many of its ecosystem protocols, has been publicly urging the Securities Exchange Commission (SEC) to give SOL ETFs a positive review. "The ETH ETF didn't gain a lot of traction because a lot of investors saw ETH and said'show me the fees'," Samani said, arguing that Solana's theoretical price-to-earnings ratio is much healthier than Ethereum's from an investment perspective, where Solana has a price-to-earnings ratio of 30 to 50 times, compared to Ethereum's price-to-earnings ratio of nearly 1,000 times. Mr. Samani said Solana's price-to-earnings ratio was "more in line with high-growth tech stocks".