The gift is part of Bitwise’s commitment to donate 10% of gross profits from the Bitwise Bitcoin ETF (BITB) each year.
SAN FRANCISCO, March 4, 2026 /PRNewswire/ — Bitwise Asset Management, the global crypto asset management firm with over $15 billion in client assets,1 announced the company’s second annual donation to Bitcoin open-source developers, the global corps of volunteer programmers who lend their time and talents to secure and maintain the Bitcoin network. The $233,000 gift is part of Bitwise’s pledge to donate 10% of gross profits from the Bitwise Bitcoin ETF (BITB) each year to support this important work.
The gift will be made to three recipient organizations, selected based on their strong track record and mission of funding important Bitcoin open-source projects: Brink, OpenSats, and the Human Rights Foundation’s Bitcoin Development Fund.
“Developers are the unsung heroes of the Bitcoin network,” said Bitwise Co-founder and Chief Technology Officer Hong Kim. “When we launched BITB, we wanted to ensure that as interest in crypto grew, the developers who maintain and secure the network would be supported. No matter where we are in the market cycle, developers continue to build and maintain. We’re proud to continue our support of this important work with our second annual donation to these great organizations.”
Since its inception in January 2024, BITB has amassed over $2.5 billion in inflows.2
There is no guarantee or assurance that the Fund’s methodology will result in the Fund achieving positive investment returns or outperforming other investment products.
Investors may choose to use the Fund as a means of investing indirectly in bitcoin. Because the value of the Shares is correlated with the value of the bitcoin held by the Fund, it is important to understand the investment attributes of, and the market for, bitcoin.
Regulatory Risk. Future and current regulations by a U.S. or foreign government or quasi-governmental agency could have an adverse effect on an investment in the Fund.
Nondiversification Risk. The Fund is nondiversified and may hold a smaller number of portfolio securities than many other products. To the extent the Fund invests in a relatively small number of issuers, a decline in the market value of a particular security held by the Fund may affect its value more than if it invested in a larger number of issuers.
Recency Risk. The Fund is recently organized, giving prospective investors a limited track record on which to base their investment decision. If the Fund is not profitable, the Fund may terminate and liquidate at a time that is disadvantageous to Shareholders.
Bitwise Investment Advisers, LLC serves as the sponsor of the Fund. Foreside Fund Services, LLC serves as the Marketing Agent for BITB, and is not affiliated with Bitwise Investment Advisers, LLC, Bitwise, or any of its affiliates.
Media contact:
Tova Kaufmann
[email protected]
SOURCE Bitwise Asset Management
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