Bitwise's Bitcoin Developer Support Surpasses $380,000 in Total Contributions
The crypto asset manager has entrusted Bitcoin Brink, OpenSats, and the Human Rights Foundation with distributing its second yearly contribution aimed at supporting the Bitcoin ecosystem.
Digital asset management firm Bitwise has reached a cumulative total of $383,000 in contributions supporting Bitcoin network developers responsible for maintenance and security operations, beginning in 2024. The company revealed its most recent donation of $233,000 on Wednesday.
The second installment, which represents 10% of gross profits generated by the Bitwise Bitcoin ETF (BITB), complements the initial $150,000 contribution made in February 2025 following BITB's first complete year of operations.
"Bitwise is proud to donate $233,000 to support the unsung heroes maintaining and securing the Bitcoin network," Bitwise said in a post to X on Wednesday.
During the period surrounding BITB's January 2024 launch, Bitwise made a commitment to allocate 10% of gross profit proceeds toward Bitcoin developers, whose efforts are crucial to safeguarding what has evolved into a $1.4 trillion network.
"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."
According to Bitwise, the distribution of funds will be handled by three Bitcoin-focused non-profit entities — Bitcoin Brink, OpenSats and the Human Rights Foundation via its Bitcoin Development Fund.
Based on the $233,000 donation amount, calculations indicate that Bitwise produced approximately $2.33 million in gross profits through BITB during its second year of operation.
The revenue stream for Bitwise from BITB comes from imposing a 0.2% fee on the assets under management within BITB.
BITB is still third in total Bitcoin ETF flows
Since its inception in January 2024, BITB has attracted approximately $2.2 billion in total inflows, positioning it third behind only BlackRock's iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC), according to data from Farside Investors.
That said, IBIT and FBTC maintain a substantial lead, having accumulated $62.4 billion and $11 billion in inflows, respectively.
Numerous Bitcoin ETFs have experienced declining net inflows during the early months of 2026 as the wider cryptocurrency market undergoes a correction phase.
Despite these challenging market conditions, BITB has demonstrated resilience, posting a modest increase from $2.17 billion to $2.21 billion throughout the initial nine weeks of the year.