Bitwise has declared its intention to donate 10% of profits from Bitwise Bitcoin ETFs to support the ongoing development of the Bitcoin network.
Bitcoin experienced a modest ascent to $47,000 after the U.S. SEC approved ETFs tied to the cryptocurrency, while altcoins registered a strong rally.
Bitwise, a leading asset management firm, has announced its commitment to allocating 10% of profits generated from Bitwise Bitcoin ETFs to support the ongoing development of the Bitcoin network. This move underscores the company’s recognition of the pivotal role played by a dedicated community of open-source developers who tirelessly contribute to enhancing the security, scalability, and usability of Bitcoin, an initiative that began 15 years ago without a traditional fundraising process.
Bitwise will donate 10% of the profits of the Bitwise Bitcoin ETF (ticker: BITB) to bitcoin open-source development.
Recipient orgs:– @BitcoinBrink– @OpenSats– @HRF
Bitcoin is important to the future. We

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