Bitwise made its second donation by contributing $100,000 to Ethereum open-source developers as a part of its commitment to support the network’s improvement and security. A Guild member stated supporting the Protocol Guild is a wonderful way of giving back to the community.
Bitwise donate $100K to nonprofits. PBS and Protocol Guild
Bitwise reported a donation of a total of $100,000 to two nonprofits—Protocol Guild, which supports Ethereum protocol research and development (R&D), and PBS Foundation, which are nonprofits that build and maintain open-source infrastructure.
The donation was made as an accomplishment of the firm’s promise to return 10% of gross profits each year from its spot exchange-traded fund (ETF), the Bitwise Ethereum ETF (ticker: ETHW), to the developer ecosystem.
Hong Kim, Bitwise co-founder and chief technology officer (CTO), said, “Open-source developers and researchers play an enormously important role in the Ethereum network’s infrastructure,” adding, “When we first launched ETHW, we committed to supporting the people who directly build this ecosystem as the digital-asset industry grows.”
He further stated that he is “proud to be able to continue our second annual donation to these outstanding organizations and support their important work.”
Meanwhile, Bitwise’s spot Ethereum ETF, ETHW, has recorded net inflows totaling $361 million to date since its official launch in the U.S. market in July 2024, successfully establishing itself in the market.
Bitwise’s donation is a wonderful way of giving back
“The Ethereum commons relies on open-source contributions from individuals around the world. Bitwise’s support for Protocol Guild members is a wonderful example of the ecosystem giving back to fund this essential stewardship,” said Trent Van Epps, Protocol Guild member.
The Securities and Exchange Commission approved Bitwise’s application to launch an XRP spot ETF just a few weeks ago. Several spot XRP ETFs (exchange-traded funds) were launched in 2025, giving traditional investors regulated exposure to XRP through stock exchanges.
Asset managers such as Bitwise Asset Management, Franklin Templeton, and Canary Capital introduced ETFs that track the price of XRP and hold the token through institutional custodians like Coinbase. These funds allow investors to gain exposure to XRP without directly buying or storing the cryptocurrency.
