Anthony Pompliano Moves Investment from Ethereum to Solana
![Anthony Pompliano Moves Investment from Ethereum to Solana](https://coinspress.com/wp-content/uploads/2023/12/solana-sol-52-915x600.webp)
Crypto analyst Anthony Pompliano has made a notable shift in his investment strategy, moving from Ethereum to Solana.
In a recent CNBC interview, Pompliano revealed that he divested his Ethereum assets last year in favor of investing in Solana, though he does not consider himself a Solana enthusiast.
Pompliano cited Solana’s lower transaction costs and faster processing times as key reasons for his decision. He believes that these attributes will attract more investment and allow Solana to capture market share from Ethereum. Despite its smaller market cap, Pompliano is optimistic about Solana’s growth potential.
Pompliano also discussed Ethereum ETFs, noting they have not generated as much excitement as Bitcoin ETFs.
READ MORE: Blockchain Revolution: Major Credit Fund Debuts on Solana
He pointed out that Ethereum lacks the clear narrative that Bitcoin has and expressed concerns that Ethereum ETFs will not offer staking benefits, which could limit their appeal compared to Bitcoin ETFs.
Nevertheless, he views the approval of Spot Ethereum ETFs as a positive step toward greater acceptance of cryptocurrencies.