Bitwise Donating $100,000 from ETHW Profits to Ethereum Open-Source Developers

The gift is part of Bitwise’s commitment to donate 10% of gross profits from the Bitwise Ethereum ETF (ETHW) each year.

Bitwise Asset Management, the global crypto asset management firm with over $15 billion in client assets, announced the company’s second annual donation to Ethereum open-source developers, the dedicated group of volunteer programmers who secure and improve the Ethereum network every day. The $100,000 gift is part of Bitwise’s pledge to donate 10% of gross profits from the Bitwise Ethereum ETF (ETHW) each year to support this important work.

The funds will go to two nonprofit initiatives, Protocol Guild and PBS Foundation, which support Ethereum protocol research and development and help develop and maintain open-source Ethereum infrastructure.

“Open-source developers and researchers are incredibly important to the infrastructure of the Ethereum network,” said Bitwise Co-founder and Chief Technology Officer Hong Kim. “When we launched ETHW, we wanted to ensure that as the crypto industry grew, we supported the people who help build it. We’re proud to continue our support of this important work with our second annual donation to these great organizations.”

Since its inception in July 2024, ETHW has amassed $361 million in inflows.