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Bitwise Asset Management announced today that the company will donate 10% of profits of the Bitwise Bitcoin ETF (ticker: BITB) to three non-profit organizations that Bitwise Asset Management has donated $250,000 to support Bitcoin and Ethereum development, marking its first contributions under the commitment to reinvest 10% The $150,000 gift is part of Bitwise’s pledge to donate 10% of gross profits from the Bitwise Bitcoin ETF (BITB) each year to support this important work. The annual Bitwise donated $150,000 to support Bitcoin (BTC) open-source developers, according to a Feb. 18 announcement. The funds are equivalent to 10% of the gross profits The company has pledged to allocate 10% of the profits from its Bitcoin Spot ETF (BITB) to funding Bitcoin’s open-source development for a minimum period of 10 years. The $150,000 gift is part of Bitwise’s pledge to donate 10% of gross profits from the Bitwise Bitcoin ETF (BITB) each year to support this important work.

Bitwise Donating 10% of Bitcoin ETF Profits to Bitcoin Development: A Game Changer

Bitwise Asset Management is making waves in the crypto world with its commitment to supporting Bitcoin development. Bitwise Asset Management announced today that the company will donate 10% of profits of the Bitwise Bitcoin ETF (ticker: BITB) to three non-profit organizations. This bold move underscores Bitwise's long-term belief in the power and potential of Bitcoin.

Bitwise's Pledge: 10% to Power Bitcoin's Future

The company has pledged to allocate 10% of the profits from its Bitcoin Spot ETF (BITB) to funding Bitcoin’s open-source development for a minimum period of 10 years. This significant commitment ensures sustained funding for crucial Bitcoin infrastructure and innovation.

The recent annual Bitwise donated $150,000 to support Bitcoin (BTC) open-source developers, according to a Feb. 18 announcement. The funds are equivalent to 10% of the gross profits. This initial donation demonstrates Bitwise's dedication to its promise.

$250,000 Already Committed to Bitcoin and Ethereum Development

Bitwise Asset Management has donated $250,000 to support Bitcoin and Ethereum development, marking its first contributions under the commitment to reinvest 10%. These donations will help fund critical infrastructure and research, ensuring the continued growth and evolution of both leading cryptocurrencies.

A Breakdown of the $150,000 Donation

The $150,000 gift is part of Bitwise’s pledge to donate 10% of gross profits from the Bitwise Bitcoin ETF (BITB) each year to support this important work. This consistent funding stream will provide vital resources to the Bitcoin developer community, enabling them to maintain and improve the Bitcoin network.

The $150,000 gift is part of Bitwise’s pledge to donate 10% of gross profits from the Bitwise Bitcoin ETF (BITB) each year to support this important work.

Why This Matters for Bitcoin

Bitwise's initiative is more than just a philanthropic gesture. It's a strategic investment in the future of Bitcoin. By dedicating a portion of its Bitcoin ETF profits to development, Bitwise is fostering innovation, security, and decentralization within the Bitcoin ecosystem. This commitment will benefit all Bitcoin users and stakeholders.

The move is considered a significant milestone for the Bitcoin community and the broader cryptocurrency space. It highlights the growing maturity of the market and the increasing recognition of the importance of supporting open-source development.

Bitwise's BITB ETF: A New Era of Bitcoin Investment

The Bitwise Bitcoin ETF (BITB) provides investors with a regulated and accessible way to gain exposure to Bitcoin. And now, with Bitwise's commitment to donating 10% of its profits, investing in BITB also means supporting the ongoing development and innovation of Bitcoin itself.

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