Bitwise Commits 10% of Ethereum ETF Proceeds to Support Open-Source Developers
The Game-Changing Move: Bitwise Dedicates Profits to ethereum's Open-Source Developers The crypto scene is buzzing with anticipation as we edge closer to the launch of ethereum Spot Exchange-Traded Funds (ETFs), a move that's set to potentially redefine the market In a pioneering decision that underscores the importance of nurturing the community spawning blockchain innovation, the asset management powerhouse Bitwise has thrown its weight behind ethereum's open-source developers, promising them a slice of the profits from its upcoming ETH spot ETF This unprecedented gesture is a testament to the company's recognition of the crucial role open-source initiatives play in driving the growth of blockchain technology Bitwise’s ethereum Spot ETF: A New Chapter of Support for Developers Bitwise, in a statement released on a Monday evening, revealed its plans to funnel a generous 10% of the profits from its ETH spot ETF—the ETHW fund—towards supporting open-source developers The ETHW fund, as Bitwise's latest entrant among its extensive catalog of 20 crypto products, including eight publicly traded cryptocurrency funds, offers investors an affordable access point with a 0...
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