Bitwise CEO "Solana could be more advantageous than Ethereum in the staking ETF market"
Summary
- The Bitwise CEO assessed that Solana could be more advantageous than Ethereum in the staking-based exchange-traded fund (ETF) market.
- He said Solana's short unstaking period is an investor-friendly structure.
- By contrast, Ethereum faces constraints on asset redemption speed due to increased withdrawal queues, making it a burden in the ETF market.
An assessment has emerged that Solana (SOL) could be more advantageous than Ethereum (ETH) in the staking-based exchange-traded fund (ETF) market.
On the 2nd (local time), according to Cointelegraph, Hunter Horsley, Bitwise CEO, said at the Token2049 event in Singapore, "Solana has a short unstaking period, giving it an investor-friendly structure. In contrast, Ethereum has recently seen withdrawal queues reach record highs, constraining the speed of asset redemptions."
He said, "From an ETF issuer's perspective, assets must be returned to investors in a short time, and Ethereum's delay issue is a major burden," and emphasized, "Solana's design differences can be an important competitive advantage in the staking ETF market."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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