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⛓️ Crypto🟢 BullishImportance 6/10
Bitwise Backs Bitcoin Devs With Over $380K In Donations
🤖AI Summary
Bitwise Asset Management has donated over $380K to Bitcoin developers, fulfilling its commitment to allocate 10% of gross profits from its Bitcoin ETF to supporting Bitcoin's open-source development. The firm launched its Bitcoin ETF in January 2024 with this pledge, and donation amounts are increasing as the fund grows.
Key Takeaways
- →Bitwise has donated over $380K to Bitcoin developers since launching its Bitcoin ETF in January 2024.
- →The firm committed to giving 10% of gross profits annually to support Bitcoin's open-source development.
- →Donation amounts are growing as the Bitcoin ETF fund expands fourteen months after launch.
- →This represents a significant corporate commitment to supporting Bitcoin's underlying infrastructure.
- →The initiative demonstrates how traditional financial products can give back to decentralized networks.
Read Original →via Bitcoinist
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