Crypto asset manager Bitwise has now donated a total of $383,000 to support the developers who will maintain and secure the Bitcoin network from 2024, with its latest contribution of $233,000 announced on Wednesday.
Its second payment, funded by 10% of the total profits of the Bitwise Bitcoin ETF (BITB), will add to the $150,000 it donated in February 2025 after the first full year of BITB.
“Bitwise is proud to donate $233,000 to help unsung heroes maintain and secure the Bitcoin network,” Bitwise said in a message to X on Wednesday.
Around the time of BITB’s launch in January 2024, Bitwise pledged to direct 10% of total profits to Bitcoin developers, who play a key role in powering the $1.4 trillion network.
“As $BITB grows, so does our contribution. Bitcoin is changing the world and Bitwise is always striving to do its part to be a good steward of this incredible ecosystem.”
Bitwise said three Bitcoin-friendly non-profit organizations will allocate the funds – Bitcoin Brink, OpenSats and the Human Rights Foundation through the Bitcoin Development Fund.
The $233,000 threshold indicates that Bitwise has made a profit of $2.33 million from BITB in its second year.
Bitwise earns money from BITB by charging a fee of 0.2% of BITB’s assets under management.
BITB is still the third largest Bitcoin ETF in the world
Data from Farside Investors shows that BITB has seen $2.2 billion in inflows since January 2024, trailing only BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC).
However, IBIT and FBTC are far ahead, having collected $62.4 billion and $11 billion in inflows, respectively.
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Many Bitcoin ETFs have seen net returns decline in early 2026 against the backdrop of the broader crypto market.
BITB was able to weather the storm, however, growing significantly from $2.17 billion to $2.21 billion over the first nine weeks of the year.
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