{"id":133757,"date":"2024-07-23T14:00:24","date_gmt":"2024-07-23T11:00:24","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=133757"},"modified":"2024-07-23T11:25:02","modified_gmt":"2024-07-23T08:25:02","slug":"bitwise-commits-ethereum-etf-profits-to-development-support","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitwise-commits-ethereum-etf-profits-to-development-support\/","title":{"rendered":"Bitwise Commits Ethereum ETF Profits to Development Support"},"content":{"rendered":"<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Bitwise will donate 10% of the profits of the Bitwise Ethereum ETF (ETHW) to Ethereum open-source protocol development.<\/p>\n<p>Recipient orgs:<br>\n\u2013 <a href=\"https:\/\/twitter.com\/ProtocolGuild?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@ProtocolGuild<\/a><br>\n\u2013 <a href=\"https:\/\/twitter.com\/PBS_Foundation?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@PBS_Foundation<\/a><\/p>\n<p>We cannot take Ethereum and its core protocol properties for granted.<\/p>\n<p>We\u2019re excited for ETHW to\u2026 <a href=\"https:\/\/t.co\/D0cAv8JmPt\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/D0cAv8JmPt<\/a><\/p>\n<p>\u2014 Bitwise (@BitwiseInvest) <a href=\"https:\/\/twitter.com\/BitwiseInvest\/status\/1815486261337182504?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">July 22, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Bitwise\u2019s ETHW ETF, launching on July 23, will invest directly in ETH. The management fee is initially set at 0.20%, but will be waived for the first six months on the first $500 million in assets. The profits allocated for donation will support the Protocol Guild and PBS Foundation, which are key to advancing the Ethereum network.<\/p>\n<p>Bitwise CTO Hong Kim highlighted the significance of this initiative, emphasizing the role of community-supported development in Ethereum\u2019s evolution. The firm will also transparently disclose all ETH holdings related to the ETF.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/cardano-surges-with-major-milestones-and-growing-ecosystem\/\" title=\"Cardano Surges with Major Milestones and Growing Ecosystem\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/12\/coin_cardano-big-1-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Cardano Surges with Major Milestones and Growing Ecosystem<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>The ETHW launch comes on the heels of the successful Bitwise Bitcoin ETF, which quickly amassed $2.7 billion in assets. Bitwise CIO Matt Hougan predicts that the new ether ETPs could drive Ethereum to new highs by the end of 2024, distinguishing Ethereum\u2019s utility in decentralized applications from Bitcoin\u2019s status as a monetary asset.<\/p>\n<p>Meanwhile, <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">Ethereum\u2019s price<\/a> <\/strong>has experienced fluctuations despite the ETF approval, with recent trading reflecting investor anticipation of a market rebound.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitwise Asset Management has pledged to donate 10% of the profits from its new Ethereum ETF (ETHW) to organizations focused on Ethereum development.<\/p>\n","protected":false},"author":3,"featured_media":32518,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-133757","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitwise Commits Ethereum ETF Profits to Development Support<\/title>\n<meta name=\"description\" content=\"Bitwise Asset Management has pledged to donate 10% of the profits from its new Ethereum ETF (ETHW) to organizations focused ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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