Bitwise CEO Hunter Horsley sparked controversy with his endorsement of Solana’s staking-based ETF, claiming its faster validation process gives it an edge over Ethereum in the investment space. While some Ethereum fans expressed disapproval, Horsley defended Bitwise’s stance, emphasizing their commitment to supporting successful projects with credible teams and vision, regardless of their underlying blockchain technology. He also addressed criticism that Bitwise prioritizes competition over Ethereum’s values and hinted at a broader shift towards more decentralized solutions in the future. The CEO detailed his decision-making process for entering the crypto space, referencing his early experience at Facebook and his focus on genuine digital ownership. He emphasized how issues like arbitrary group expulsion in online communities fueled his interest in blockchain technology, particularly its potential to create transparent and secure systems of coordination and ownership.