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flag Bitwise donates $233K from Bitcoin ETF profits to fund open-source Bitcoin developers.

flag Bitwise Asset Management has donated $233,000 from its Bitcoin ETF (BITB) profits to support open-source developers maintaining the Bitcoin network. flag The gift, part of a 10% annual profit commitment, funds three organizations—Brink, OpenSats, and the Human Rights Foundation’s Bitcoin initiative—recognized for advancing Bitcoin’s technology and security. flag The donation marks the second annual contribution since BITB’s launch in January 2024, which has drawn over $2.5 billion in inflows. flag Bitwise, managing over $15 billion in assets, emphasized the importance of sustainable funding for Bitcoin’s technical foundation, independent of market conditions.

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