Bitwise Donating 10% of Bitcoin ETF Profits to Bitcoin Development
Following the approval of the investment product, Bitwise has announced they are donating 10% of all Spot Bitcoin ETF profits to open-source Bitcoin development. Indeed, Bitwise Bitcoin ETF was one of 11 Spot Bitcoin ETF s approved by the US Securities and Exchange Commission (SEC) today. Coinciding with industry-wide expectations, the approvals were granted late Wednesday. Moreover, trading is expected to begin as early as Thursday morning. Bloomberg has already predicted the first trading day for the investment product could generate $4 billion in inflows. JUST IN: Bitwise to donate 10% of their spot #Bitcoin ETF profits to open-source Bitcoin development. — Watcher.Guru (@WatcherGuru) January 10, 2024 Also Read: Gary Gensler Issues Statement on Spot Bitcoin ETF Approvals Bitwise to Donate 10% of Bitcoin ETF Profits to Open-Source Bitcoin Development Through the last few months, the entire finance sector was abuzz about the potential approval of a host ...