Bitwise Donates $233K of Bitcoin ETF Profits to Open-Source BTC Developers

In brief

• Bitwise donated $233,000 across three open-source Bitcoin development organizations.
• The firm used proceeds from its Bitcoin ETF, BITB, which has more than $2.7 billion in assets under management.
• Last year, the firm predicted that Bitcoin would end its historical four-year cycle and reach a new all-time high in 2026.