Bitwise Donates $100,000 to Support Ethereum Open Source Developers

Odaily News Bitwise Asset Management announced its second annual donation to Ethereum open source developers, amounting to $100,000. This donation is part of Bitwise's commitment to annually donate 10% of the gross profits from the Bitwise Ethereum ETF (ETHW) to the Ethereum open source developer initiative.

The funds will be allocated to two non-profit organizations, Protocol Guild and PBS Foundation, to support Ethereum protocol research and development, as well as the development and maintenance of open-source infrastructure.

Hong Kim, Co-founder and Chief Technology Officer of Bitwise, stated that open source developers and researchers are crucial to the Ethereum network infrastructure. When launching ETHW, Bitwise hoped to support these builders while the crypto industry grows.

Since its launch in July 2024, ETHW has cumulatively attracted $361 million in inflows. Bitwise currently manages over $15 billion in client assets and offers more than 40 crypto investment products.

Previous news: Bitwise Donates $233,000 to Bitcoin Open Source Developers, Marking Its Second Round of Annual Donations