Bitwise pledges 10% of BITB profits to Bitcoin development
Bitwise commits a recurring share of BITB profits to Bitcoin open-source development organizations.
On January 10, 2024, Bitwise pledges 10% of BITB profits to Bitcoin development. Bitwise commits a recurring share of BITB profits to Bitcoin open-source development organizations.
The commitment tied the commercial economics of an ETF directly to Bitcoin's open-source maintenance ecosystem. Rather than a one-time sponsorship, the pledge was structured as a share of the fund sponsor's profits.
The event is historically useful because Bitcoin's development history is built not only from activated consensus changes but also from standards, implementation milestones, security maintenance and proposals that shape later engineering choices.