Bitwise has donated a total of $383,000 to support Bitcoin developers working on open source Bitcoin development since 2024, after announcing a new $233,000 payment on Wednesday.
The firm said it funds the Bitwise donation with 10% of gross profits from the BITB Bitcoin ETF.
The new Bitwise donation adds to $150,000 that Bitwise donated in February 2025 after the BITB Bitcoin ETF completed its first full year.
The firm tied the payments to developers who maintain and secure the Bitcoin network, which it described as a $1.4 trillion network.
“Bitwise is proud to donate $233,000 to support the unsung heroes maintaining and securing the Bitcoin network,”
Bitwise said in a post on X.
Bitwise donation sends $233,000 to Bitcoin Brink, OpenSats, and Human Rights Foundation
Bitwise said three groups will decide where the $233,000 goes. Those groups are Bitcoin Brink, OpenSats, and the Human Rights Foundation.
The Human Rights Foundation will allocate funds through its Bitcoin Development Fund, according to the report. Meanwhile, the story also cited Brink as a source tied to the announcement.
Bitwise made the commitment around the January 2024 launch of the BITB Bitcoin ETF. It pledged to direct 10% of gross profits to Bitcoin developers who support open source Bitcoin development.
“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,” the company said.
BITB Bitcoin ETF gross profits implied at $2.33 million as Bitwise donation totals grow
The $233,000 Bitwise donation points to about $2.33 million in gross profits from the BITB Bitcoin ETF for its second year. The calculation follows the firm’s stated 10% commitment.
Bitwise earns revenue from the BITB Bitcoin ETF by charging a 0.2% fee on assets under management, according to the report. Therefore, the fee links the fund’s growth to future Bitwise donation amounts.
The report connected this structure to ongoing support for Bitcoin developers.
It also framed the work as core to maintaining and securing Bitcoin through open source Bitcoin development, rather than through a single company’s control.
Bitcoin ETF flows keep BITB third as Farside Investors tracks $2.2B inflows since 2024
The BITB Bitcoin ETF has recorded about $2.2 billion of inflows since January 2024, according to Farside Investors data cited in the report.
That places BITB behind BlackRock’s iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC) in cumulative Bitcoin ETF flows.
The report said IBIT has posted about $62.4 billion of inflows. It also said FBTC has recorded about $11 billion, based on Farside Investors.
Meanwhile, the report said many US Bitcoin ETF flows slowed in early 2026 during a broader crypto market pullback.
However, it said BITB edged up from $2.17 billion to $2.21 billion over the first nine weeks of the year, based on Farside Investors data covering Feb. 17 to March 4.
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Tatevik Avetisyan is an editor at Kriptoworld who covers emerging crypto trends, blockchain innovation, and altcoin developments. She is passionate about breaking down complex stories for a global audience and making digital finance more accessible.
📅 Published: March 5, 2026 • 🕓 Last updated: March 5, 2026
