Crypto asset manager Bitwise announced a $233,000 donation to support developers who maintain and secure the Bitcoin network, bringing its total contributions since 2024 to $383,000. This gift is the company’s second annual payout tied to a pledge to donate 10% of gross profits from its Bitwise Bitcoin ETF (BITB). Bitwise previously contributed $150,000 in February 2025 after BITB’s first full year.
Bitwise said the $233,000 will be distributed among three Bitcoin-focused nonprofits: Bitcoin Brink, OpenSats and the Human Rights Foundation’s Bitcoin Development Fund. Based on the 10% pledge, the size of this donation implies BITB generated roughly $2.33 million in gross profits in its second year of operation.
BITB, which charges a 0.2% management fee on assets under management, has attracted about $2.2 billion in inflows since January 2024. That places it third among U.S. spot Bitcoin ETFs, behind BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC), which have accumulated roughly $62.4 billion and $11 billion in inflows, respectively, according to Farside Investors.
While many Bitcoin ETFs saw slower net inflows at the start of 2026 amid a broader market pullback, BITB’s assets have remained relatively steady, moving from about $2.17 billion to $2.21 billion over the first nine weeks of the year.
In a post on X, Bitwise framed the donation as part of its commitment to being a responsible steward of the Bitcoin ecosystem as the fund grows. This coverage follows Cointelegraph’s editorial policy of independent, transparent reporting; readers are encouraged to verify details independently.