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

Bitwise Asset Management has announced that they’re planning to donate 10% of the profits from their new spot Ethereum ETF (ETHW) to Ethereum developers. This fund is hitting the New York Stock Exchange in just a few minutes. The management fee is low at 0.20%, but it’s set to 0% for the first six months

Source: Cryptopolitan