According to The Block, Pantera Capital partner Marco Santori stated that DeFi Development Corp's strategy around Solana is superior to traditional ETFs due to its ability to participate in DeFi and staking. The company holds approximately 400000 SOLs and intends to acquire a Solana verification node company for $3.5 million to support self staking. Santori pointed out that ETFs cannot be pledged or participate in liquidity pools, while DeFi Dev Corp, as the operating company, possesses these capabilities and can achieve higher Solana returns.
