Bitwise has donated a total of $383,000 to support developers who maintain and secure the Bitcoin network since 2024, including a newly announced $233,000 contribution on Wednesday.
The latest donation represents the firm’s second payout and is funded by 10% of the gross profits generated by its Bitwise Bitcoin ETF (BITB). It follows an earlier $150,000 donation made in February 2025 after the fund’s first full year of operation.
“Bitwise is proud to donate $233,000 to support the unsung heroes maintaining and securing the Bitcoin network,” the company said in a post on X on Wednesday.
When the ETF launched in January 2024, Bitwise pledged to allocate 10% of its gross profits to Bitcoin developers, recognizing their critical role in maintaining the security and reliability of what has grown into a roughly $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.”
Bitwise said three Bitcoin-friendly non-profit organizations will allocate the funds: Bitcoin Brink, OpenSats and the Human Rights Foundation, through its Bitcoin Development Fund.
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The $233,000 contribution indicates that Bitwise generated roughly $2.33 million in gross profits from its Bitwise Bitcoin ETF (BITB) during its second year.
Bitwise earns revenue from the fund by charging a 0.2% management fee on its assets under management.
BITB ranks third in Bitcoin ETF inflows
Since launching in January 2024, BITB has attracted about $2.2 billion in inflows, according to data from Farside Investors. This places the fund third among spot Bitcoin ETFs, behind iShares Bitcoin Trust (IBIT) from BlackRock and the Fidelity Wise Origin Bitcoin Fund (FBTC) from Fidelity Investments.
However, both leading funds have accumulated significantly larger inflows, with IBIT attracting about $62.4 billion and FBTC bringing in around $11 billion.
Bitcoin ETFs have also experienced a slowdown in net inflows at the start of 2026, as the broader cryptocurrency market faces a pullback.
BITB has managed to weather that storm, however, increasing marginally from $2.17 billion to $2.21 billion across the first nine weeks of the year.
