Bitwise donates $230K from BITB ETF profits to Bitcoin open source developers
Crypto Briefing
Bitwise donated $233,000 from its BITB ETF profits to support Bitcoin open source developers.Summary
Bitwise Asset Management announced a $233,000 donation to support open source developers maintaining the Bitcoin network, funded by profits from its spot Bitcoin ETF ($BITB). This contribution fulfills Bitwise's pledge made at the fund's launch to direct 10% of gross profits annually toward development initiatives. The funds will be distributed among three nonprofit organizations: Brink, OpenSats, and the Human Rights Foundation’s Bitcoin Development Fund, which provide grants to core infrastructure contributors. Bitwise stated that as assets under management in BITB increase, future annual contributions to the developer community will grow proportionally.
(Source：Crypto Briefing)