TechFlow reports that Bitwise has announced the launch of its first spot Bitcoin ETF, BITB, on its official website. The management fee for BITB is set at 0.20%, and 10% of profits will be donated to three non-profit organizations supporting Bitcoin open-source development: Brink, OpenSats, and the Human Rights Foundation's Bitcoin Development Fund.
These donations will be made annually for at least the next ten years to further support the health and growth of the Bitcoin ecosystem.




