Of the 11 financial institutions that issued spot Bitcoin ETFs in January 2024, only two — Bitwise and VanEck — have pledged to donate a percentage of their profits to open-source Bitcoin development.
Regardless of whether large holders are harassing ETF sponsors for funding core dev, the real question is – why are only @BitwiseInvest and @vaneck_us doing so? Bitcoin is an ongoing project and core dev continues to be underfunded
— nic “bankful” carter (@nic__carter) April 10, 2024
In considering the logic behind Bitwise and VanEck’s decision to donate to developers who maintain and update the Bitcoin protocol, it’s difficult to imagine why more spot Bitcoin ETF issuers haven’t followed suit.
“While we use the language of ‘donation’ when we support devs, I think in reality it’s closer to a self-investment into making the asset itself stronger,” Hong Kim, co-founder and CTO of Bitwise, wrote in an AMA thread on Stacker News. “Many people think bitcoin j
We współpracy z: https://bitcoinmagazine.com/business/spot-bitcoin-etf-issuer-support-btc-developers-bitwise-and-vaneck
