According to TechFlow, Ethereum co-founder Vitalik Buterin expressed his gratitude to Bitwise for donating 10% of the spot Ethereum ETF profits to Ethereum open source developers. He is pleased to see the support of Protocol Guild and PBS Foundation, and looks forward to more projects and organizations donating to public welfare programs for important ecosystems.

Earlier news, Bitwise announced that it would donate 10% of its Ethereum ETF (ETHW) profits to Ethereum open source protocol development. Beneficiary organizations include Protocol Guild and PBS Foundation.