機構比特幣 ETF 凸顯了對比特幣核心開發支援的需求

在 2024 年 1 月推出現貨比特幣 ETF 的 11 家機構中，只有 Bitwise 和 VanEck 承諾將部分收入用於開源比特幣開發。這就提出了一個問題：為什麼其他現貨比特幣 ETF 發行人沒有效仿，特別是考慮到比特幣的持續開發和核心開發仍然資金不足。

Spot Bitcoin ETFs: A Call to Support Bitcoin Core Development

現貨比特幣 ETF：呼籲支持比特幣核心開發

In January 2024, a wave of spot Bitcoin exchange-traded funds (ETFs) emerged, heralding a new era for institutional investment in the cryptocurrency. However, amongst the 11 monetary institutions that launched these ETFs, only two—Bitwise and VanEck—have pledged to support the open-source development of Bitcoin, raising questions about the industry's commitment to the health and longevity of the underlying asset.

2024年1月，一波現貨比特幣交易所交易基金（ETF）興起，預示著機構投資加密貨幣的新時代。然而，在推出這些 ETF 的 11 家貨幣機構中，只有 Bitwise 和 VanEck 兩家機構承諾支持比特幣的開源開發，這引發了人們對該行業對基礎資產健康和長壽的承諾的質疑。

The Pioneering Pledge of Bitwise and VanEck

Bitwise 和 VanEck 的開創性承諾

Bitwise, the issuer of the Bitwise Bitcoin ETF (BITB), has committed to donating 10% of its ETF fee revenue to nonprofits that fund Bitcoin Core developers for a decade. VanEck, which launched the VanEck Bitcoin Trust (HODL), is contributing 5% of its HODL revenue to Brink, a non-profit organization dedicated to Bitcoin development.

Bitwise 比特幣 ETF (BITB) 的發行人 Bitwise 承諾將其 ETF 費用收入的 10% 捐贈給非營利組織，以資助比特幣核心開發人員十年。 VanEck 推出了 VanEck 比特幣信託基金 (HODL)，並將其 HODL 收入的 5% 捐贈給致力於比特幣開發的非營利組織 Brink。

The Rationale Behind the Donations

捐款背後的理由

The decision by Bitwise and VanEck to support Bitcoin Core developers stems from a deep understanding of the critical role these individuals play in maintaining and advancing the Bitcoin protocol. As Hong Kim, co-founder and CTO of Bitwise, aptly observed, "Many individuals suppose Bitcoin simply magically will get maintained, however that is not true!"

Bitwise 和 VanEck 支持 Bitcoin Core 開發人員的決定源於對這些人在維護和推進比特幣協議方面所發揮的關鍵作用的深刻理解。正如 Bitwise 聯合創始人兼首席技術官 Hong Kim 所言，“許多人認為比特幣會神奇地維護，但事實並非如此！”

For institutions that manage vast amounts of Bitcoin and collect fees for doing so, it is a logical self-investment to reinvest a portion of those fees into strengthening the underlying infrastructure. As Matthew Sigel, Head of Digital Asset Research at VanEck, explained, "We imagine TradFi stands to realize from the efforts of Bitcoin's Core contributors."

對於管理大量比特幣並收取費用的機構來說，將部分費用再投資於加強底層基礎設施是合乎邏輯的自我投資。正如 VanEck 數位資產研究主管 Matthew Sigel 所解釋的那樣，“我們認為 TradFi 將從比特幣核心貢獻者的努力中實現。”

The Benefits of Open-Source Development

開源開發的好處

Bitcoin Core development is essential for the health and longevity of the Bitcoin network. These developers work tirelessly to improve the protocol's security, scalability, and efficiency. Their efforts directly benefit ETF issuers and investors alike.

比特幣核心的開發對於比特幣網路的健康和長壽至關重要。這些開發人員孜孜不倦地努力提高協議的安全性、可擴展性和效率。他們的努力直接使 ETF 發行人和投資者受益。

By supporting Bitcoin Core development, Bitwise and VanEck are acknowledging their responsibility to contribute to the long-term sustainability of the asset they profit from. Their actions set a positive example for the rest of the industry.

透過支持比特幣核心開發，Bitwise 和 VanEck 承認他們有責任為他們從中獲利的資產的長期可持續性做出貢獻。他們的行動為業內其他公司樹立了正面的榜樣。

A Call for Industry-Wide Support

呼籲全行業的支持

Given the clear benefits of supporting Bitcoin Core development, it is imperative that other spot Bitcoin ETF issuers follow the lead of Bitwise and VanEck. The development of the Bitcoin protocol and open-source scaling solutions would greatly benefit from additional donations, even if they constitute a small fraction of the revenue generated by ETF fees.

鑑於支持 Bitcoin Core 開發的明顯好處，其他現貨比特幣 ETF 發行人必須效仿 Bitwise 和 VanEck 的做法。比特幣協議和開源擴展解決方案的開發將極大地受益於額外的捐贈，即使它們只佔 ETF 費用產生的收入的一小部分。

The success and stability of the Bitcoin ecosystem depend on the ongoing efforts of its developers. As the industry matures, it is time for all stakeholders to recognize the importance of investing in the foundation of their financial products. By doing so, they not only support Bitcoin's long-term growth but also ensure the protection and prosperity of their own investments.

比特幣生態系統的成功和穩定性取決於其開發人員的持續努力。隨著產業的成熟，所有利害關係人應該認識到投資其金融產品基礎的重要性。透過這樣做，他們不僅支持比特幣的長期成長，而且確保了自己投資的保護和繁榮。