Bitwise Allocates $233K From ETF Profits to Bitcoin Devs

TLDR

• Bitwise allocated $233,000 from its Bitcoin ETF profits to support core developers.
• The company funds the donation through 10% of gross profits from the BITB ETF.
• The latest contribution brings Bitwise’s total donations to $383,000 since 2024.
• Bitcoin Brink, OpenSats, and the Human Rights Foundation will distribute the funds to developers.
• BITB has attracted about $2.2 billion in inflows since its launch in January 2024.

Crypto asset manager Bitwise has allocated $233,000 to nonprofit groups that support Bitcoin core developers. The company funded the donation through profits from its spot Bitcoin exchange-traded fund. The payment marks its second annual contribution under a pledge tied to ETF revenue.

Bitwise confirmed that it directed the funds from its Bitwise Bitcoin ETF, which trades under the ticker BITB. The firm allocates 10% of the fund’s gross profits to developers who maintain the Bitcoin network. The latest transfer increases its total donations to $383,000 since the program began in 2024.

Bitwise Directs ETF Profits to Bitcoin Developers

Bitwise stated that BITB generated about $2.33 million in gross profits during its second year. The ETF charges a 0.2% management fee on assets under management. The company channels a portion of that revenue to independent developers.

The firm previously donated $150,000 in February 2025 after the fund completed its first year. Bitwise repeated its pledge to allocate 10% of gross profits each year. The company announced the latest contribution on X.

“Bitwise is proud to donate $233,000 to support the unsung heroes maintaining and securing the Bitcoin network,” the company wrote. It added that contributions will increase as BITB expands. The firm said it aims to act as a responsible steward of the ecosystem.

The company selected three nonprofit groups to distribute the funds to developers. These groups include Bitcoin Brink, OpenSats, and Human Rights Foundation. Each organization supports contributors who work on Bitcoin’s open-source code.

Hong Kim, co-founder and chief technology officer at Bitwise Asset Management, addressed the initiative. He said, “Open-source developers are the unsung heroes of Bitcoin, donating their time to secure the network.” He added that the firm believes financial institutions must invest in developers who protect and evolve the protocol.

Bitcoin ETF Growth Supports Ongoing Contributions

BITB has attracted about $2.2 billion in inflows since its launch in January 2024. Data from Farside Investors ranks it third among spot Bitcoin ETFs by cumulative inflows. The fund trails products from BlackRock and Fidelity Investments.

BlackRock’s iShares Bitcoin Trust has gathered about $62.4 billion in inflows. Fidelity’s Wise Origin Bitcoin Fund has drawn roughly $11 billion. BITB currently manages more than $2.7 billion in assets.

The ETF recorded a slight increase in inflows during the first nine weeks of 2026. Inflows rose from $2.17 billion to $2.21 billion during that period. The fund has continued to post steady growth this year.

Bitwise manages more than 40 crypto investment products. These include exchange-traded funds linked to Ethereum and other digital assets. The firm reported about $15 billion in assets under management at the start of the year.

Bitcoin has gained more than 7.5% in the past 24 hours. The asset traded near $73,210 at the time of reporting. Bitwise expects Bitcoin to reach a new all-time high in 2026.

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