Bitwise Expands Bitcoin Developer Funding With $233K Donation From BITB ETF Profits

• Bitwise donates $233000 to Bitcoin developers through BITB profits bringing total support to $383000 since 2024.

• BITB Bitcoin ETF sends part of its profits to nonprofits that fund developers securing the Bitcoin network.

• BITB inflows reach about $2.2 billion as Bitwise links ETF growth with funding for Bitcoin developers.

Crypto asset manager Bitwise expanded its financial support for Bitcoin developers through a new donation announced Wednesday. The firm contributed $233,000 to organizations that maintain and secure the Bitcoin network. This payment brings Bitwise’s total developer support to $383,000 since 2024.

🚨BITWISE DONATES $233K TO BITCOIN DEVELOPERS

Bitwise donated $233,000 to support developers maintaining the Bitcoin network, funded by 10% of profits from its BITB ETF.

Total donations since 2024 now reach $383,000. pic.twitter.com/wnQOTrt5rk

— Coin Bureau (@coinbureau) March 5, 2026

The contribution comes from profits generated by the Bitwise Bitcoin ETF. Bitwise pledged to allocate 10% of gross profits from the fund to Bitcoin developers. The initiative began when the ETF launched in January 2024.

Bitcoin developers maintain the code that secures the network and supports transaction validation. Their work also helps improve Bitcoin’s reliability and resilience. Consequently, several companies and organizations now provide funding to sustain developer activity. Bitwise positioned its contribution as part of that broader effort.

The latest payment follows an earlier donation announced in February 2025. Bitwise donated $150,000 after the ETF completed its first full year. As a result, the combined contributions now total $383,000 within roughly two years.

Donation Routed Through Three Bitcoin Nonprofits

Three nonprofit organizations will distribute the funds to Bitcoin developers. The groups include Brink, OpenSats, and the Human Rights Foundation. Each organization supports developer grants and technical research related to Bitcoin.

Brink focuses on funding open-source Bitcoin engineers and maintaining network infrastructure. OpenSats also supports developers through grants and open-source research funding. Meanwhile, the Human Rights Foundation distributes funds through its Bitcoin Development Fund.

These organizations allocate resources to engineers who review code and build network tools. Additionally, they help fund long-term research that strengthens Bitcoin security. Many developers work independently and rely on grants for financial support.

Bitwise structured its donation model around the growth of its ETF. Therefore, higher profits from the fund increase developer funding. This approach links financial performance with ecosystem support.

ETF Revenue Model Drives Developer Funding

The $233,000 payment suggests that BITB generated roughly $2.33 million in gross profits during its second year. Bitwise earns revenue from the ETF by charging a management fee. The firm currently charges a 0.2% fee on assets under management.

The model reflects a broader trend within the crypto industry. Many organizations now fund open-source developers through grants and ecosystem initiatives. Developer support has become important for network stability and long-term growth.

BITB Maintains Strong Position Among Bitcoin ETFs

Despite market volatility, BITB has been attracting investor capital. The ETF has recorded about $2.2 billion in inflows since January 2024. This places the fund among the largest spot Bitcoin ETFs in the United States.

However, larger competitors still dominate the market. BlackRock’s iShares Bitcoin Trust leads the sector with $62.4 billion in inflows. Meanwhile, Fidelity Wise Origin Bitcoin Fund holds about $11 billion in inflows.

Market data from Farside Investors highlights the gap between the funds. Nevertheless, BITB remains the third-largest ETF based on total inflows.

The broader Bitcoin ETF market faced slower inflows during early 2026. Crypto prices declined across several major assets during that period. As a result, many ETFs recorded weaker investor demand.

However, BITB continued to record modest growth. The fund increased from $2.17 billion in inflows to about $2.21 billion during the first nine weeks of 2026. Consequently, BITB maintained positive momentum despite broader market pressure.