Bitwise will donate 10% of profits from Bitcoin Spot ETF to support Bitcoin open source development

On January 11th, Bitwise announced that it will donate 10% of the profits from its Bitcoin spot ETF (BITB) to support Bitcoin open source development. The organizations receiving donations include Brink, OpenSats, and the Human Rights Foundation. Bitwise also stated that these donations come with no strings attached and will be made at least once a year for the next decade.