Bitwise to Donate $233,000 to Bitcoin Open-Source Developers

Bitwise Asset Management announced its second annual donation of $233,000 to support the programmers who maintain and secure the Bitcoin network. This contribution stems from Bitwise's pledge to allocate 10% of gross profits from its Bitwise Bitcoin ETF (BITB) annually to the ecosystem. The funds will be distributed among three non-profit organizations: Brink, OpenSats, and the Human Rights Foundation’s Bitcoin Development Fund, chosen for their work in funding critical open-source projects. Hong Kim, Bitwise co-founder and CTO, emphasized that developers are the "unsung heroes" and that the donation ensures they are supported as interest in crypto grows. Since its January 2024 inception, BITB has amassed over $2.5 billion in inflows, and Bitwise confirmed that future contributions will increase as the ETF continues to grow, underscoring this is a continuing commitment to sustain Bitcoin's open-source foundation.

(Source：Bitcoin Magazine)