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21 sats \ 1 reply \ @Ludwig 7 Mar \ on: I'm Hong, cofounder/CTO of Bitwise. AMA! AMA
I read bitwise donates 10% of their profits to bitcoin developers. Right now your BITB fee is 0%, so i guess the donations start after this 6?-month zero-fee period? How will you decide who exactly will get the money?
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239 sats \ 0 replies \ @hong OP 7 Mar
the 0 fee was up to 1B in assets and currently the AUM is around 1.8B so fr the 0.8B we are currently taking the fee. donation will happen annually (in Q1 each year after we close out the year end accounting). currently the three orgs we're committed to are opensats, brink, and HRF and they will be splitting the 10% of BITB profits equally
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