Key Notes

Key Notes:

Bitwise contributed to three Bitcoin-focused organizations (Brink, OpenSats, HRF) and two Ethereum initiatives as part of its ecosystem reinvestment strategy.The firm’s Bitcoin ETF (BITB) holds approximately $3.76 billion in assets, while its Ethereum ETF (ETHW) manages around $277.86 million.Beyond donations, Bitwise has enhanced transparency by disclosing its on-chain Bitcoin holdings address and is expanding with new crypto index fund proposals.

Bitwise Asset Management has made good on its promise to reinvest a portion of its spot Bitcoin and Ethereum ETFs’ profits back into the cryptocurrency ecosystem. The firm announced that it has donated $150,000 to non-profit organizations Brink, OpenSats, and the Human Rights Foundation (HRF) to support open-source Bitcoin developers. This is the first contribution under Bitwise’s commitment to donate 10% of gross profits from its Bitcoin ETF (BITB) annually.

Today, Bitwise is donating $150,000 to support Bitcoin open-source developers, who work tirelessly to secure and maintain the network.

When the Bitwise Bitcoin ETF ($BITB) launched, we committed to donating 10% of its gross profits each year. We’re delighted to make good on that… pic.twitter.com/I1RBvF9M9H

— Bitwise (@BitwiseInvest) February 18, 2025

Moreover, the firm has also donated $100,000 to two nonprofit initiatives—Protocol Guild and the PBS Foundation—to support Ethereum protocol research and development. This move is also the first annual Ethereum donation after the launch of its Ethereum ETF (ETHW) in July 2024.

“We believe Ethereum is changing the world, and we will always strive to do our part to be a good steward of this incredible ecosystem alongside you,” the company stated.

According to data from SoSoValue, as of February 18, BITB has recorded a cumulative net inflow of $2.16 billion and holds 39,954.02 BTC—valued at approximately $3.76 billion. Meanwhile, ETHW has accumulated $347.5 million in net inflows and holds 105,672 ETH, worth around $277.86 million in total assets.

The crypto community widely praised the firm’s decision to reinvest ETF profits back into Bitcoin and Ethereum development. Popular hedge fund manager Thomas Kralow commended the initiative on X, stating that Bitwise is “doing the right thing” and that the effort shows appreciation for the hard work of developers who sustain these networks.

Last year, Bitwise CEO Hunter Horsley stated that the company has evolved beyond being just another traditional financial institution. Instead, it is now focusing more on supporting and representing the crypto community.

Notably, on February 18, Bitwise became the first US Bitcoin ETF provider to disclose the on-chain address of its BITB holdings, further cementing its reputation for transparency.

Moreover, the firm has filed for multiple new funds, including the Bitwise 10 Crypto Index Fund ETF, which aims to provide investors exposure to ten leading cryptocurrencies, including Bitcoin, Ethereum, Solana, and XRP. However, the SEC has extended its decision deadline to March 3, 2025, to review the proposal.

Meanwhile, the SEC has already acknowledged a filing by Cboe BZX Exchange to list and trade shares of a Bitwise XRP ETF.

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With a background in finance and a passion for innovation, Anisha has been covering the ever-evolving world of crypto for over four years. Her deep understanding of the crypto market have made her a trusted source for analysis and news. Whether it’s dissecting the latest trends or decoding whitepapers, Anisha is dedicated to bringing clarity to the world of digital assets.

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