The gift is part of Bitwise’s commitment to donate 10% of gross profits from the Bitwise Bitcoin ETF (BITB) each year.
Bitwise Asset Management has announced its second annual contribution to support Bitcoin open-source developers, recognizing the programmers who dedicate their time to maintaining and securing the world’s largest cryptocurrency network. The company revealed it will donate $233,000 this year as part of its commitment to give 10% of the gross profits from the Bitwise Bitcoin ETF (BITB) annually to initiatives that support Bitcoin development.
The donation reflects Bitwise’s broader mission to strengthen the infrastructure behind Bitcoin by supporting the developers who keep the network running smoothly. These developers often work behind the scenes, volunteering their expertise to ensure the system remains secure, reliable, and continuously evolving.
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The funds will be distributed to three organizations known for supporting Bitcoin development efforts: Brink, OpenSats, and the Human Rights Foundation Bitcoin Development Fund. Each of these organizations plays an important role in funding open-source projects and providing resources to developers working on improvements to the Bitcoin ecosystem.
Hong Kim, Co-founder and Chief Technology Officer at Bitwise, emphasized that developers are the backbone of the Bitcoin network. According to Kim, when Bitwise launched the Bitwise Bitcoin ETF, the company wanted to ensure that the growing institutional and investor interest in Bitcoin would also benefit the technical community responsible for maintaining it. He noted that regardless of market conditions, developers continue to dedicate their efforts to improving the network, making their work essential to Bitcoin’s long-term success.
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Since launching in January 2024, the Bitwise Bitcoin ETF has experienced strong investor demand. The fund has already attracted more than $2.5 billion in inflows, highlighting the increasing interest among investors seeking exposure to Bitcoin through regulated financial products.
By committing a portion of its ETF profits to developer funding, Bitwise is helping ensure that Bitcoin’s open-source ecosystem continues to thrive. The initiative not only supports innovation within the network but also reinforces the importance of sustaining the community that keeps the decentralized system secure and functional.
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As the cryptocurrency market continues to mature and institutional adoption grows, contributions like this demonstrate how asset managers can play a role in supporting the underlying technology that powers digital assets. Through continued funding and collaboration with developer-focused organizations, Bitwise aims to help strengthen Bitcoin’s infrastructure for years to come.
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