Bitwise Pledges 10% of Spot Bitcoin ETF Profits for Bitcoin Open-Source
Bitwise Asset Management plans to allocate 10% of profits from its Bitwise Bitcoin ETF (BITB) to non-profit organizations supporting open-source development within the Bitcoin community. This move aims to give back to Bitcoin's original developers and contribute to the growth of the industry. Following the recent SEC approval of spot Bitcoin ETFs, traditional asset managers can now offer clients exposure to Bitcoin, potentially attracting new investors to the cryptocurrency space. Bitwise commits to making annual contributions for at least the next decade to sustain long-term support for Bitcoin open-source development.
Xu Lin
