机构比特币 ETF 凸显了对比特币核心开发支持的需求

在 2024 年 1 月推出现货比特币 ETF 的 11 家机构中，只有 Bitwise 和 VanEck 承诺将部分收入用于开源比特币开发。这就提出了一个问题：为什么其他现货比特币 ETF 发行人没有效仿，特别是考虑到比特币的持续开发和核心开发仍然资金不足。

Spot Bitcoin ETFs: A Call to Support Bitcoin Core Development

现货比特币 ETF：呼吁支持比特币核心开发

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，一波现货比特币交易所交易基金（ETF）兴起，预示着机构投资加密货币的新时代。然而，在推出这些 ETF 的 11 家货币机构中，只有 Bitwise 和 VanEck 两家机构承诺支持比特币的开源开发，这引发了人们对该行业对基础资产健康和长寿的承诺的质疑。

The Pioneering Pledge of Bitwise and VanEck

Bitwise 和 VanEck 的开创性承诺

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 比特币 ETF (BITB) 的发行人 Bitwise 承诺将其 ETF 费用收入的 10% 捐赠给非营利组织，以资助比特币核心开发人员十年。 VanEck 推出了 VanEck 比特币信托基金 (HODL)，并将其 HODL 收入的 5% 捐赠给致力于比特币开发的非营利组织 Brink。

The Rationale Behind the Donations

捐款背后的理由

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 开发人员的决定源于对这些人在维护和推进比特币协议方面所发挥的关键作用的深刻理解。正如 Bitwise 联合创始人兼首席技术官 Hong Kim 所言，“许多人认为比特币会神奇地得到维护，但事实并非如此！”

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."

对于管理大量比特币并收取费用的机构来说，将部分费用再投资于加强底层基础设施是合乎逻辑的自我投资。正如 VanEck 数字资产研究主管 Matthew Sigel 所解释的那样，“我们认为 TradFi 将从比特币核心贡献者的努力中实现。”

The Benefits of Open-Source Development

开源开发的好处

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.

比特币核心的开发对于比特币网络的健康和长寿至关重要。这些开发人员孜孜不倦地努力提高协议的安全性、可扩展性和效率。他们的努力直接使 ETF 发行人和投资者受益。

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.

通过支持比特币核心开发，Bitwise 和 VanEck 承认他们有责任为他们从中获利的资产的长期可持续性做出贡献。他们的行动为业内其他公司树立了积极的榜样。

A Call for Industry-Wide Support

呼吁全行业的支持

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.

鉴于支持 Bitcoin Core 开发的明显好处，其他现货比特币 ETF 发行人必须效仿 Bitwise 和 VanEck 的做法。比特币协议和开源扩展解决方案的开发将极大地受益于额外的捐赠，即使它们只占 ETF 费用产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.

比特币生态系统的成功和稳定性取决于其开发人员的持续努力。随着行业的成熟，所有利益相关者都应该认识到投资其金融产品基础的重要性。通过这样做，他们不仅支持比特币的长期增长，而且确保了自己投资的保护和繁荣。