Bitwise plans to donate 10% of its Ethereum spot ETF profits to Ethereum developers
One of the eight Ethereum ETF issuers, Bitwise, announced that it will donate 10% of its fund profits to Ethereum developers. According to a statement, these donations will be distributed to two organizations: Protocol Guild and PBS Foundation. Protocol Guild is a grassroots funding organization supporting over 170 core contributors dedicated to Ethereum research and development; PBS Foundation is a non-profit organization providing funds for open-source Ethereum block relay and related research.
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