VanEck Vows 5% of Bitcoin ETF Gains for Core Developer Support

Last updated: January 5, 2024 6:17 PM

Published 2024-01-05

Last updated: January 5, 2024 6:17 PM

Published 2024-01-05

Financial firm VanEck pledged on Friday to support Brink’s core Bitcoin developers with 5% of its potential profits from its spot Bitcoin exchange-traded fund, should it be approved.

We’re not Bitcoin tourists at VanEck. We’re in it for the long haul. That’s why we made an initial $10k donation and signed a pledge to donate 5% of our Bitcoin ETF profits (if approved) to support Bitcoin Core devs @bitcoinbrink for at least 10 years. Your tireless dedication to…
— VanEck (@vaneck_us) January 5, 2024

“Your tireless dedication to decentralization and innovation is the cornerstone of the Bitcoin ecosystem, and we’re here to support it—more details to come,” VanEck said in an article on X.

VanEck continued by saying that it has given Brink a $10,000 start-up gift to help with its operations.

“I think it’s fantastic news,” board member Jonathan Bier remarked. “Open source development work on Bitcoin is really important and it’s fantastic that VanEck will generously give back to the core backbone of the ecosystem.”

Also Read: Spot Bitcoin ETFs May Secure SEC Approval by Next Week

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

Follow The Crypto Times on Google News to Stay Updated!