⛓️ Crypto🟢 BullishImportance 6/10

Bitwise Backs Bitcoin Devs With Over $380K In Donations

Bitcoinist|Christian Encila|March 5, 2026 at 11:00 PM

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🤖AI Summary

Bitwise Asset Management has donated over $380K to Bitcoin developers, fulfilling its commitment to allocate 10% of gross profits from its Bitcoin ETF to supporting Bitcoin's open-source development. The firm launched its Bitcoin ETF in January 2024 with this pledge, and donation amounts are increasing as the fund grows.

Key Takeaways

→Bitwise has donated over $380K to Bitcoin developers since launching its Bitcoin ETF in January 2024.
→The firm committed to giving 10% of gross profits annually to support Bitcoin's open-source development.
→Donation amounts are growing as the Bitcoin ETF fund expands fourteen months after launch.
→This represents a significant corporate commitment to supporting Bitcoin's underlying infrastructure.
→The initiative demonstrates how traditional financial products can give back to decentralized networks.

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#bitwise #bitcoin-etf #bitcoin-developers #open-source #funding #donations #bitcoin-infrastructure

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