Bitwise plans to donate 10% of its Ethereum spot ETF profits to Ethereum developers

Odaily News Bitwise, one of the eight spot Ethereum ETF issuers, 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 that supports more than 170 core contributors dedicated to Ethereum research and development; PBS Foundation is a non-profit organization that provides funding for open source Ethereum block relay and related research. (The Block)