The gift is part of Bitwise’s commitment to donate 10% of gross profits from the Bitwise Ethereum ETF (ETHW) each year.
SAN FRANCISCO, March 5, 2026 /PRNewswire/ — Bitwise Asset Management, the global crypto asset management firm with over $15 billion in client assets,1 announced the company’s second annual donation to Ethereum open-source developers, the dedicated group of volunteer programmers who secure and improve the Ethereum network every day. The $100,000 gift is part of Bitwise’s pledge to donate 10% of gross profits from the Bitwise Ethereum ETF (ETHW) each year to support this important work.
The funds will go to two nonprofit initiatives, Protocol Guild and PBS Foundation, which support Ethereum protocol research and development and help develop and maintain open-source Ethereum infrastructure.
“Open-source developers and researchers are incredibly important to the infrastructure of the Ethereum network,” said Bitwise Co-founder and Chief Technology Officer Hong Kim. “When we launched ETHW, we wanted to ensure that as the crypto industry grew, we supported the people who help build it. We’re proud to continue our support of this important work with our second annual donation to these great organizations.”
Since its inception in July 2024, ETHW has amassed $361 million in inflows.2
About Bitwise
Bitwise Asset Management is a global crypto asset manager with more than $15 billion in client assets and a suite of over 40 crypto investment products (as of 12/31/25) spanning ETFs, separately managed accounts, private funds, hedge fund strategies, and staking. The firm has an eight-year track record and today serves more than 5,000 private wealth teams, RIAs, family offices, and institutional investors, as well as 21 banks and broker-dealers. The Bitwise team of nearly 200 technology and investment professionals is backed by leading institutional investors and has offices in San Francisco, New York, and London.
Notes
(1) As of December 31, 2025.
(2) Source: Farside.co.uk as of March 4, 2026.
Risks and Important Information
The Bitwise Ethereum ETF (ETHW) (the “Fund”) is not an investment company registered under the Investment Company Act of 1940 (the “1940 Act”) and therefore is not subject to the same protections as mutual funds or ETFs registered under the 1940 Act. An investment in the Fund is not a direct investment in ether. ETHW is subject to significant risk and heightened volatility. An investor may lose all their money. ETHW is not suitable for all investors.
This material must be preceded or accompanied by a prospectus. Please read the prospectus carefully before investing. To obtain a current prospectus visit ethwtf.com/welcome.
Shares of ETPs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The NAV may not always correspond to the market price of ether and, as a result, Creation Units may be created or redeemed at a value that is different from the market price of the Shares. Authorized Participants’ buying and selling activity associated with the creation and redemption of Creation Units may adversely affect an investment in the Shares.
ETHW will not participate in the proof-of-stake validation mechanism to earn additional ether or seek other means of generating income from its ether holdings.
The amount of ether represented by a Share will continue to be reduced during the life of the Fund due to the transfer of the Fund’s ether to pay for the Sponsor’s management fee, and to pay for litigation expenses or other extraordinary expenses. This dynamic will occur irrespective of whether the trading price of the Shares rises or falls in response to changes in the price of ether.
There is no guarantee or assurance that the Fund’s methodology will result in the Fund achieving positive investment returns or outperforming other investment products.
Investors may choose to use the Fund as a means of investing indirectly in ether. Because the value of the Shares is correlated with the value of the ether held by the Fund, it is important to understand the investment attributes of, and the market for, ether.
Ether Risk. There are significant risks and hazards inherent in the ether market that may cause the price of ether to fluctuate widely. The Fund’s ether may be subject to loss, damage, theft or restriction on access. Investors considering a purchase of Shares should carefully consider how much of their total assets should be exposed to the ether market, and should fully understand, be willing to assume, and have the financial resources necessary to withstand the risks involved in the Fund’s investment strategy.
Liquidity Risk. The market for ether is still developing and may be subject to periods of illiquidity. During such times it may be difficult or impossible to buy or sell a position at the desired price. Possible illiquid markets may exacerbate losses or increase the variability between the Fund’s NAV and its market price. The lack of active trading markets for the Shares may result in losses on investors’ investments at the time of disposition of Shares.
Regulatory Risk. Future and current regulations by a U.S. or foreign government or quasi-governmental agency could have an adverse effect on an investment in the Fund.
Blockchain Technology Risk. Certain of the Fund’s investments may be subject to the risks associated with investing in blockchain technology. The risks associated with blockchain technology may not fully emerge until the technology is widely used. Blockchain systems could be vulnerable to fraud, particularly if a significant minority of participants colluded to defraud the rest. Because blockchain technology systems may operate across many national boundaries and regulatory jurisdictions, it is possible that blockchain technology may be subject to widespread and inconsistent regulation.
Nondiversification Risk. The Fund is nondiversified and will hold a single issue. As a result, a decline in the market value of a particular issue held by the Fund may affect the Fund’s value more than if it invested in a larger number of issuers.
Recency Risk. The Fund is recently organized, giving prospective investors a limited track record on which to base their investment decision. If the Fund is not profitable, the Fund may terminate and liquidate at a time that is disadvantageous to Shareholders.
Bitwise Investment Advisers, LLC serves as the sponsor of the Fund. Foreside Fund Services, LLC serves as the Marketing Agent for ETHW, and is not affiliated with Bitwise Investment Advisers, LLC, Bitwise, or any of its affiliates.
Media contact:
Tova Kaufmann
pr@bitwiseinvestments.com
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SOURCE Bitwise Asset Management
