Crypto asset manager Bitwise announced a $233,000 donation on Wednesday to support developers who maintain and secure the Bitcoin network, bringing its total contributions since 2024 to $383,000. The latest payout is Bitwise’s second annual donation funded by a pledge to direct 10% of gross profits from its Bitwise Bitcoin ETF (BITB) to Bitcoin development; the firm previously donated $150,000 in February 2025 after BITB’s first full year.
“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,” the firm said in a post to X.
Bitwise said the $233,000 will be allocated by three Bitcoin-friendly nonprofits: Bitcoin Brink, OpenSats and the Human Rights Foundation through its Bitcoin Development Fund. The size of the donation implies BITB generated roughly $2.33 million in gross profits in its second year.
BITB earns fees by charging a 0.2% management fee on assets under management. Since January 2024, BITB has seen about $2.2 billion in inflows, ranking third among U.S. spot Bitcoin ETFs behind BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC), according to Farside Investors. By comparison, IBIT and FBTC have amassed approximately $62.4 billion and $11 billion in inflows, respectively.
Many Bitcoin ETFs experienced reduced net inflows at the start of 2026 amid a broader crypto market pullback, but BITB has held steady, edging from $2.17 billion to $2.21 billion in assets across the first nine weeks of the year.
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