Bitwise Contributes $233,000 in Bitcoin ETF Earnings to Support Open-Source BTC Development

Bitwise Supports Bitcoin Developers With Significant Donation

Bitwise, a company specializing in crypto asset management and exchange-traded funds, has contributed $233,000 to three organizations dedicated to Bitcoin development. This funding aims to assist those responsible for maintaining and advancing the primary cryptocurrency's network.

This marks Bitwise’s second consecutive year making such a donation, with the money sourced from profits generated by its Bitcoin ETF, BITB. Currently, BITB manages assets exceeding $2.7 billion.

The recipients of this donation are Brink, OpenSats, and the Human Rights Foundation's Bitcoin Development Fund. These same groups received a $150,000 donation from Bitwise in 2025.

Recognizing Open-Source Contributors

Hong Kim, co-founder and CTO of Bitwise Asset Management, emphasized the vital role of open-source developers in safeguarding Bitcoin’s network and ensuring its reliability. He stated to Decrypt, “Open-source developers are the backbone of Bitcoin, dedicating their expertise to strengthen the protocol and preserve its trustworthiness.” Kim further explained that as the crypto industry expands, Bitwise feels a duty to invest in the ecosystem, much like financial institutions invest in their infrastructure. Supporting independent developers is essential for the ongoing evolution and security of Bitcoin.

Kim noted that the three chosen organizations were selected due to their longstanding dedication to the Bitcoin protocol and network.

Bitcoin Price Movements and Market Outlook

Over the past day, Bitcoin’s value has surged by more than 7.5%, recently trading near $73,210. Despite this increase, the cryptocurrency remains approximately 42% below its peak of $126,080 reached in October. This decline is seen by some analysts as part of Bitcoin’s typical four-year cycle.

However, not all experts agree that Bitcoin’s historical cycle is repeating.

Bitwise’s 2026 outlook predicts that Bitcoin will set a new record high this year. The firm believes that factors which previously influenced Bitcoin’s price—such as interest rates, halving events, and fluctuations in leverage—will have less impact going forward.

Broader Support for Crypto Development

Bitwise has also used profits from its spot Ethereum ETF, ETHW, to support open-source Ethereum developers, continuing its commitment to fostering innovation across the crypto landscape.

According to a recent announcement, Bitwise manages $15 billion in assets and offers over 40 investment products. These include ETFs for alternative cryptocurrencies like XRP, Solana, and the popular meme coin Dogecoin, alongside their Bitcoin and Ethereum offerings.