The post Bitwise Commits to Donating 10% of Bitcoin ETF Profits! appeared first on Coinpedia Fintech News

Bitwise has announced that it will donate 10% of the profits from its recently approved Bitcoin exchange-traded fund (ETF) to Bitcoin open-source development initiatives. The Bitwise Bitcoin ETF (BITB) will contribute annually to Brink OpenSats and the Human Rights Foundation, with no strings attached. The company has pledged to make these donations for at least the next 10 years. This philanthropic initiative demonstrates Bitwise’s commitment to supporting the growth and development of the Bitcoin ecosystem, as well as its dedication to promoting human rights through the use of cryptocurrency technology.