Pantera's Santori Discusses Solana Strategy's Edge Over ETFs

Marco Santori, a general partner at Pantera Capital, highlighted the benefits of DeFi Development Corp's solana-centric approach over traditional ETFs during a May 21 event. Transitioning from real estate software, the firm now actively participates in decentralized finance (DeFi), offering advantages beyond mere passive exposure. Santori emphasized that involvement in DeFi allows for more than holding coins; it includes executing treasury strategies to boost solana-per-share revenue. DeFi Development Corp holds 400,091 SOL and plans to acquire a Solana validator for $3.5 million to support staking, an option unavailable to ETFs. Unlike passive funds, the firm's status as an operating company enables participation in liquidity pools. The U.S. SEC has yet to approve spot Solana ETFs or make decisions on staking assets, delaying rulings on Ethereum ETF staking as of April. Santori, who joined Pantera Capital and DeFi Development Corp in April, noted Solana's trading price is about $171 per token. Disclaimer: The Block, an independent media entity, reports crypto industry developments objectively. Owned by Foresight Ventures, The Block remains autonomous despite shareholder links with Bitget, a crypto exchange.