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VanEck to Donate 5% of BTC ETF Profits to Bitcoin Core Developers

Asset management firm and prospective BTC exchange-traded fund (ETF) provider VanEck will donate 5% of the profits from its fund (if approved) to Bitcoin developers Brink. VanEck's application to list a spot bitcoin ETF in the U.S. is one of more than a dozen currently awaiting a decision from the U.S. Securities and Exchange Commission (SEC). The markets regular is expected to finally approve such the listing of such a fund in the coming days. The arrival of spot bitcoin ETFs is expected to grow the amount of investment into cryptocurrency from the TradFi world to levels never seen before. While this is largely welcomed from the incumbent crypto community, there will also be friction in some quarters.


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