Bitwise pledges 10% of spot Ether ETF profits to Ethereum developers As the spot Ether exchange-traded funds (ETFs) are about to see their first day of trading, asset manager Bitwise pledged to donate 10% of its profits to Ethereum developers. https://yakihonne.s3.ap-east-1.amazonaws.com/953281df0361f1a7ff836841c2b978b8d606b035e7d07b8d148c72e50b4d78a7/files/1721739794583-YAKIHONNES3.jpg
As the spot Ether exchange-traded funds (ETFs) are about to see their first day of trading, asset manager Bitwise has pledged to donate 10% of its profits to Ethereum developers. On July 22, the United States Securities and Exchange Commission (SEC) approved the final S-1 statements required for spot Ether ETH tickers down $3,452 ETFs to launch on stock exchanges, including the Nasdaq, the Chicago Board Options Exchange and the New York Stock Exchange (NYSE). As it debuts its ETF on the NYSE
The profits will be directed to two key organizations: the Protocol Guild, which supports over 170 contributors to Ethereum's Layer 1 protocol, and the PBS Foundation, a nonprofit focused on funding open-source development within the Ethereum community