VanEck Commits to Donating 5% of Spot ETF Profits Over a Decade to Bitcoin Core Developers

In a significant move showcasing dedication to the broader Bitcoin ecosystem, VanEck, a notable investment management firm, has pledged to allocate 5% of profits generated from their Spot Exchange-Traded Fund (ETF), if approved by the SEC, towards supporting Bitcoin Core developers for a period exceeding a decade. 

VanEck has already started this initiative by making an initial $10,000 donation to Brink, an independent nonprofit to support open-source development for Bitcoin.

The announcement underscores the company’s commitment to nurturing and fortifying the fundamental infrastructure of Bitcoin. This initiative aims to provide sustainable support to the developers contributing to the…

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