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Bitwise to Donate 10% of Bitcoin ETF Profits to BTC Open-Source Development

Bitwise, the manager of a cryptocurrency index fund, has disclosed its commitment to contribute 10% of the proceeds from the Bitwise Bitcoin ETF to support the open-source development of BTC. The decision aligns with the recent approval of the investment product on Wednesday, meeting widespread anticipations within the industry. The decision to contribute to these organizations stems from Bitwise’s desire to show appreciation to developers, researchers, educators, investors, and the entire community dedicated to enhancing the world through Bitcoin. Bitwise, an early advocate for Bitcoin, was among the first companies to launch advertisements highlighting the asset and the forthcoming spot ETF.

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