Bitwise and Vaneck donate 10 % of the ETF profits after the SEC permit for Spot-Bitcoin ETFs
Bitwise and Vaneck donate 10 % of the ETF profits after the SEC permit for Spot-Bitcoin ETFs
- Sec approves Spot-Bitcoin ETFs: A historical moment for mainstream cryptointegration.
- Bitwise and Vaneck donate 10 % of ETF profits for Bitcoin development: Philanthropy meets finance.
- MEME MOGULS is becoming the world's first meme-based stock market with the aim of 100 times growth.
After the provisional approval of Bitocin by the US stock exchange supervision SEC (Securities and Exchanges Commission), Bitwise, a great asset manager, has declared his intention to donate 10 % of his recently approved Bitcoin ETF BITB for the development of Bitcoins Open-Source solution.
This philanthropic step follows a similar commitment of Vaneck and adds a new dimension to the interface between traditional finance and cryptocurrency. In the meantime, the emergence of Meme-Mogule A crypto platform integrated into the trade, promises a unique undertaking in the crypto area.
sec approves Spot-Bitcoin-ETFS
In a historical step, the US stock exchange supervisory authority approved Securities and Exchange Commission Spot-Bitcoin ETFs and thus marked a monumental moment in the financial world. This approval opens the door for direct participation in the cryptocurrency market via stock exchange-traded funds and thus offers a more regulated and more accessible path for BTC investments.
This decision triggered an increase in Bitcoin prices, which briefly reached the $ 47,000 mark. Analysts expect an increased capital inflow into the cryptocurrency area because both institutional and private investors explore these newly approved financial products.
speculating about possible setbacks during the market means supporting the SEC growing acceptance and integration of cryptocurrencies into common financial instruments.
Bitwise and Vaneck 10 % profit donation for Bitcoin development
The obligation of Bitwise to donate 10 % of BitB profits for Bitcoin development reflects a similar initiative by Vaneck, another known financial institution. Both companies undertake to use a percentage of their ETF profits to support Bitcoin's open source development and thus show a common vision for sustainable growth in cryptocurrency.
BITWISE, which had applied for a spot bitcoin ETF five years ago, sees the recent approval as an important milestone. The company sees BITB as the ETF, which is best suited for the developing crypto landscape, and this philanthropic undertaking is in accordance with its involvement for the promotion of a robust Bitcoin ecosystem.
bitwise will donate 10 % of the winnings of the Bitwise Bitcoin ETF (ticker: Bitb) for Bitcoin open source development.
Recipient organizations:
- @bitcoinbrink
- @Opensats
- @HrfBitcoin is important for the future. We look forward to pic.twitter.com/jmzd4bmob9
- bit by (@Bitwiseinvest) 10. January 2024
These donations go to organizations such as Brink, OpenSat and the Human Rights Foundation and underline the commitment to various concerns within the Bitcoin community. It is important that these contributions are not linked to any conditions, which guarantees a transparent and altruistic approach to support the basic aspects of the Bitcoin network.
Meme Moguls: Where you exchange memes
At another front, Meme Mogul's introduces a new concept by combining memes with a commercial ecosystem. Meme Moguls is positioned as the world's first meme-based stock market and aims to use Memes's power for financial profits. The platform offers various assets inspired by Memes, a trading platform, a fantasy trader game, a casino and a meta verse world called Mogul Land.
participants can collect $ MGLS tokens by committed to the platform, use tokens and actively act with Meme-inspired assets. Meme Moguls focuses on becoming the next 100-time token and would like to produce millionaires within the first three months after the introduction. The tokenomics of the ecosystem, in which 60 % are intended for pre -sale, indicate a strategic approach to promoting platform growth.
is Meme Moguls (MGLS) a good investment?
Since innovative activities continue to take place on the cryptocurrency market, potential investors may be wondering whether Meme Moguls (MGLS) is a worthy addition to their portfolio, especially now that the US stock exchange regulator has approved SEC Spot-Bitcoin ETFs for trading.
The unique functions of the platform, including a fantasy trader game, a casino and the promise to produce millionaires contribute to their attractiveness. However, as with any investment, private individuals are recommended thorough research, taking into account the risks associated with the cryptocurrency market.
To invest in the MEME MOGULS (MGLS) token, you can visit
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Source: Coinlist.me