Key Highlights
- Bitwise delivered $233,000 from its Bitcoin ETF earnings to core developers.
- The allocation represents 10% of gross profits generated by the BITB ETF.
- Total developer contributions from Bitwise reach $383,000 since the program started in 2024.
- Three nonprofit organizations will channel funds directly to Bitcoin developers.
- The BITB fund has accumulated approximately $2.2 billion in investor capital since January 2024.
Crypto asset manager Bitwise has delivered $233,000 to nonprofit organizations supporting Bitcoin core developers. The funds originated from revenue generated by its spot Bitcoin exchange-traded fund. This payment represents the second annual distribution under the company’s commitment to share ETF earnings.
Bitwise confirmed the allocation came from its Bitwise Bitcoin ETF, listed under ticker BITB. The asset manager dedicates 10% of the fund’s gross profits to developers maintaining Bitcoin’s infrastructure. This recent distribution pushes cumulative donations to $383,000 since the initiative launched in 2024.
ETF Revenue Funds Bitcoin Network Development
Bitwise reported that BITB produced approximately $2.33 million in gross profits throughout its second operational year. The fund applies a 0.2% management fee on total assets. A percentage of this revenue flows directly to independent developers.
The organization initially contributed $150,000 in February 2025 following the fund’s inaugural year. Bitwise reaffirmed its commitment to dedicate 10% of annual gross profits. The company shared details of this recent contribution on X.
“Bitwise is proud to donate $233,000 to support the unsung heroes maintaining and securing the Bitcoin network,” the company wrote. The announcement indicated that future contributions will grow alongside BITB’s expansion. The firm emphasized its role as a responsible ecosystem participant.
Three nonprofit organizations received funds for distribution to developers. Bitcoin Brink, OpenSats, and Human Rights Foundation will manage the allocation. Each group provides resources to contributors working on Bitcoin’s open-source codebase.
Hong Kim, co-founder and chief technology officer at Bitwise Asset Management, commented on the program. He stated, “Open-source developers are the unsung heroes of Bitcoin, donating their time to secure the network.” He emphasized that financial institutions bear responsibility for supporting developers who safeguard and advance the protocol.
Growing ETF Assets Enable Sustained Developer Support
BITB has accumulated approximately $2.2 billion in investor capital since launching in January 2024. According to Farside Investors data, it ranks third among spot Bitcoin ETFs by total inflows. Only offerings from BlackRock and Fidelity Investments exceed its performance.
BlackRock’s iShares Bitcoin Trust has collected about $62.4 billion in inflows. Fidelity’s Wise Origin Bitcoin Fund has secured roughly $11 billion. BITB presently oversees more than $2.7 billion in total assets.
The ETF showed modest inflow growth during the opening nine weeks of 2026. Capital increased from $2.17 billion to $2.21 billion throughout this timeframe. The fund maintains consistent expansion this year.
Bitwise operates more than 40 cryptocurrency investment vehicles. These products include exchange-traded funds tracking Ethereum and additional digital assets. The company managed approximately $15 billion in assets at the year’s beginning.
Bitcoin has appreciated more than 7.5% over the previous 24 hours. The cryptocurrency traded around $73,210 at press time. Bitwise anticipates Bitcoin will establish a fresh all-time high during 2026.
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