#比特币财库策略# According to the data, there is a significant gap in the scale of treasury strategies between ETH and SOL. The net assets of the leading ETH company, BitMine Immersion, amount to $5.3 billion, while the leading SOL company only has $365 million. This magnitude difference means that ETH has more "ammunition" during market fluctuations. However, SOL has recently brought in Arthur Hayes as an advisory member, whose financial background may assist in institutional financing.



In terms of spot ETFs, ETH has surpassed a scale of 22 billion USD, establishing a liquidity advantage. In contrast, SOL's REX-Osprey ETF has only attracted 150 million USD. However, if applications for SOL ETFs from large institutions like VanEck and Grayscale are approved, it may bring new growth points for SOL.

Overall, ETH is leading in treasury strategies, ETFs, RWA, etc., but SOL has an advantage in regulatory adaptability. If SOL can improve its penetration in DeFi, payments, and other areas in the future, there is still room to catch up. The current pullback seems more like a buildup of strength rather than an endpoint.
BTC-1.5%
ETH-4.43%
SOL-5.72%
REX20.24%
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