Bitwise said it has donated a total of $383,000 to support open-source developers who maintain and secure the Bitcoin network since 2024.
The asset manager announced a new $233,000 contribution on Wednesday, adding to the $150,000 it donated in February 2025 after BITB’s first full year.
How the donation is funded
Bitwise said the payout is funded by 10% of gross profits from its Bitwise Bitcoin ETF (BITB), a commitment it made around the fund’s launch in January 2024.
Bitwise said in an X post:
“As $BITB continues to grow, so too does our contribution. Bitcoin is changing the world, and Bitwise will always strive to do our part to be a good steward of this incredible ecosystem.”
Where the money goes
Bitwise said three Bitcoin-focused non-profits will allocate the funds: Bitcoin Brink, OpenSats, and the Human Rights Foundation through its Bitcoin Development Fund.
The $233,000 donation implies Bitwise generated about $2.33 million in gross profits from BITB in its second year.
BITB’s place among spot Bitcoin ETFs
BITB has seen about $2.2 billion of inflows since January 2024, according to Farside Investors data.
That trails only BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC).
IBIT and FBTC have amassed about $62.4 billion and $11 billion of inflows, respectively.
