Crypto asset management firm Bitwise has donated $233,000 to three open-source Bitcoin development organizations. The funding, drawn from profits of its spot Bitcoin ETF, supports Brink, OpenSats, and the Human Rights Foundation’s Bitcoin Development Fund. The firm’s Chief Technology Officer stated that as the industry grows, it has a responsibility to invest in the developers who maintain the network’s integrity.
Bitwise donated $233,000 across three Bitcoin developer organizations using proceeds from its Bitwise Bitcoin ETF (BITB). The firm’s second annual contribution was directed to Brink, OpenSats, and the Human Rights Foundation’s Bitcoin Development Fund.
The ETF currently holds more than $2.7 billion in assets under management. Bitwise co-founder and CTO Hong Kim emphasized the importance of supporting open-source developers.
“Open-source developers are the unsung heroes of Bitcoin, donating their time to secure the network and uphold its integrity,” Kim stated. He added that the industry must invest in the independent developers who help the protocol evolve.
According to Kim, the three organizations were chosen for their deep-rooted commitment to the Bitcoin network. The firm had previously donated $150,000 to the same groups in 2025.
Bitcoin’s price recently traded around $73,210, a 7.5% increase over 24 hours. This is approximately 42% below its all-time high of $126,080 from October.
Last year, Bitwise predicted Bitcoin would break its historical four-year cycle. The firm forecast a new all-time high in 2026, suggesting traditional cyclical drivers are weakening.
Bitwise also used profits from its spot Ethereum ETF to donate to Ethereum developers last year. The asset manager reported overseeing $15 billion in assets at the start of the year.
The firm offers more than 40 investment products, as detailed on its website. These include altcoin ETFs for assets like XRP, Solana, and Dogecoin alongside its Bitcoin and Ethereum funds.
