Bitwise Asset Management has donated more than $383,000 to open-source developers working on the Bitcoin network since 2024. The firm announced a new contribution of $233,000, funded through profits generated by its spot Bitcoin exchange-traded fund.
The latest donation follows an earlier $150,000 contribution made in February 2025 after the first full year of operations for the Bitwise Bitcoin ETF. Bitwise previously committed to allocating 10% of gross profits from the ETF to support developers responsible for maintaining and improving Bitcoin’s infrastructure.
With Bitcoin’s network now valued at roughly $1.4 trillion, the company said ongoing development support remains essential to maintaining security, reliability and long-term innovation across the ecosystem.
Non-Profit Organizations to Distribute Developer Grants
Three nonprofit groups will oversee the distribution of the funds to developers. These include Bitcoin Brink, OpenSats and the Human Rights Foundation through its Bitcoin Development Fund.
The size of the latest contribution indicates that the Bitwise Bitcoin ETF generated approximately $2.33 million in gross profits during its second year. The fund charges a management fee of 0.2% on assets under management.
Since launching in January 2024, BITB has attracted about $2.2 billion in inflows, ranking behind the largest U.S. Bitcoin ETFs but maintaining steady growth despite broader market volatility.
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