Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
Home»BITCOIN NEWS»Spot Bitcoin ETF issuer Bitwise pledges 10% of profits to fund open source BTC development
BITCOIN NEWS

Spot Bitcoin ETF issuer Bitwise pledges 10% of profits to fund open source BTC development

By Crypto FlexsJanuary 11, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Spot Bitcoin ETF issuer Bitwise pledges 10% of profits to fund open source BTC development
Share
Facebook Twitter LinkedIn Pinterest Email

According to a press release sent to Bitcoin Magazine, today Bitwise Asset Management announced a new initiative confirming its commitment to allocate 10% of Bitwise Bitcoin ETF (BITB) profits to supporting Bitcoin open source development.

Donations will benefit three respected non-profit organizations: Brink, OpenSats, and the Human Rights Foundation’s Bitcoin Development Fund.

“Bitcoin launched 15 years ago without any funding and has always been maintained by a dedicated community of open source developers,” said Hunter Horsley, CEO of Bitwise. “We are excited that the Bitwise Bitcoin ETF (ticker: BITB) will provide a recurring source of funding to the unsung heroes who work tirelessly every day to improve the security, scalability, and usability of the Bitcoin network.”

The donation, which will be made annually for the next 10 years, comes with no strings attached and reinforces Bitwise’s long-term commitment to fostering sustainable support for Bitcoin core development.

“It is important to support Bitcoin core development in a way that is sustainable over the long term,” said Mike Schmidt, Managing Director of Brink. “Bitwise’s 10-year commitment is a win-win-win, with Bitwise profits leading to developer funding that leads to improvements in the open source software that underpins the industry.”

According to the announcement, grantees were carefully selected based on their established track record and commitment to funding Bitcoin open source development, and underwent annual reviews to ensure ongoing alignment with Bitwise’s mission.

OpenSats co-founder Matt Odell acknowledged Bitwise’s proactive stance, praising the company for setting a precedent in supporting open source contributors essential to the Bitcoin ecosystem: . “Bitwise is leading the way and setting an example for all Bitcoin ETF issuers going forward.”

The pledge to donate 10% of spot Bitcoin ETF profits is double the amount another issuer, VanEck, pledged to donate last Friday. VanEck will also donate proceeds to Brink.

“Bitcoin is an important part of the technology of freedom that serves financially oppressed people around the world today,” said Alex Gladstein, Chief Strategy Officer at the Human Rights Foundation. “We launched the Bitcoin Development Fund to support the developers who make all of this possible, and we’re excited that Bitwise is committed to supporting this important cause.”

For more information about BITB and its donation program, interested parties can visit the website, heralding a new era of continued support for the fundamental development of Bitcoin.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Free bitcoin.in app withdrawal request My satoshi

October 3, 2025

Goose boom bang! Slot -Collision, Cash and Manga Massacre

September 27, 2025

Cardano is 4% away, saying that Hoskinson will break the Internet.

September 21, 2025
Add A Comment

Comments are closed.

Recent Posts

Solana Future Surge as the institution induces the open interest for the best record.

October 4, 2025

Free bitcoin.in app withdrawal request My satoshi

October 3, 2025

If this happens, you can see a huge price of $ 1.9.

October 3, 2025

Lombard Liquid Bitcoin Summary Summary

October 3, 2025

Easily Earn $5588+ In Passive Income Every Day With PlanMining Cloud Mining

October 3, 2025

The reason why hyper clicade wins aster with Perp DEX, which can be most invested.

October 3, 2025

Psy Protocol Testnet Combines Internet Scale And Speed With Bitcoin-Level Security

October 2, 2025

Eightco Holdings Inc. ($ORBS) Expands Investor Access With Options Trading

October 2, 2025

How To Use A Bitcoin Heatmap For Smarter Trading Decisions

October 2, 2025

Pioneer the future of digital innovation throughout Web2 and Web3

October 2, 2025

Codego Launches Whitelabel Devices Bringing Tokens Into Daily Life

October 2, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Solana Future Surge as the institution induces the open interest for the best record.

October 4, 2025

Free bitcoin.in app withdrawal request My satoshi

October 3, 2025

If this happens, you can see a huge price of $ 1.9.

October 3, 2025
Most Popular

Bitcoin call options are focused on strike prices above $50,000 ahead of expiration at the end of February.

February 13, 2024

Cryptocurrency and Environmental Sustainability: Challenges and Solutions

September 29, 2024

Crypto Twitter of the Week: Dencun’s Live, Dogwifhat’s Vegas, Craig Wright’s Down

March 17, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.