Bitwise donated $100,000 to support Ethereum open source developers. When the Bitwise Ethereum ETF ($ETHW) was launched in July 2024, Bitwise promised to give back 10% of ETHW gross profit to the Ethereum ecosystem every year. It is reported that this is Bitwise's first annual donation for 2024. The funds will be used for two non-profit projects, Protocol Guild and the PBS Foundation. Previously, Bitwise also announced that it has donated $150,000 to support Bitcoin open source developers.