Bitwise Donates $233K From Bitcoin ETF Profits to Support BTC Developers

Highlights:

• Bitwise donates $233,000 from BITB profits to support Bitcoin open-source developers and network security work.
• Funds distributed through Brink, OpenSats, and Human Rights Foundation to support developer grants and research.
• Total Bitwise support for Bitcoin developers surpasses $380,000 under its ETF profit-sharing pledge.

Crypto asset manager Bitwise Asset Management has donated $233,000 to support open-source developers working on the Bitcoin (BTC) network. The goal is to help improve Bitcoin’s technical system. The funds come from profits earned by the spot Bitcoin ETF, Bitwise Bitcoin ETF (BITB). Following the launch of BITB, the company promised to donate 10% of its yearly gross profits. This new donation marks the second year of that promise.

There is only one bitcoin ETF that donates 10% of gross profits to bitcoin open-source developers. https://t.co/SFJBQPvaQ8

— Matt Hougan (@Matt_Hougan) March 4, 2026

Bitwise Funds Key Organizations Supporting Bitcoin Developers

The $233,000 donation will be distributed through three organizations that support Bitcoin developers and research initiatives. These include OpenSats, Brink, and the Human Rights Foundation. They provide grants, fellowships, and operational funding to help developers continue their work.

Bitcoin developers play an important role in maintaining the network. They review code, fix security problems, and develop upgrades. Their work helps keep the network secure, decentralized, and reliable. However, most Bitcoin development is open-source and community-driven. Many developers work voluntarily, so stable financial support is often limited.

Bitwise claimed that its donation seeks to address this issue by providing a stable source of funds for the developers, who invest their time in maintaining the protocol. The company further claimed that the developers are key contributors to the Bitcoin network, helping it continue to function safely and improve over time. Bitwise Co-founder and CTO Hong Kim called developers “the unsung heroes of the Bitcoin network.” 

He added: 

“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.”

Growing Industry Support for Bitcoin Open-Source Development

The latest donation follows an earlier contribution made in the previous year. At that time, Bitwise Asset Management donated about $150,000 to organizations that support Bitcoin development. With the latest $233,000 donation, the company’s total support for Bitcoin developers has crossed $380,000 under its ETF profit-sharing pledge.

Bitwise currently manages more than $15 billion in client assets. The firm offers several crypto investment products, including the Bitwise Bitcoin ETF, private funds, and institutional investment strategies.

Bitwise’s donation also reflects a broader trend where companies and nonprofit organizations are increasingly supporting Bitcoin’s open-source development. Industry analysts say donations like Bitwise’s can create a sustainable funding model for Bitcoin developers. As Bitcoin-linked financial products grow, more of their revenue could flow back to support the network’s core infrastructure.

This news comes as Bitcoin trades near $72,000 after rising from about $67,000. The price shows strong movement on the daily chart. The broader crypto market is also becoming more active. At the same time, global tensions are increasing uncertainty in financial markets. Because of this, many investors are moving toward safe-haven assets like gold and silver. Gold prices are now moving toward the $2,300–$2,400 range.