Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»BITCOIN NEWS»VanEck has committed to donating 5% of spot ETF profits to Bitcoin core developers over 10 years.
BITCOIN NEWS

VanEck has committed to donating 5% of spot ETF profits to Bitcoin core developers over 10 years.

By Crypto FlexsJanuary 8, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
VanEck has committed to donating 5% of spot ETF profits to Bitcoin core developers over 10 years.
Share
Facebook Twitter LinkedIn Pinterest Email

In a significant move demonstrating its commitment to the broader Bitcoin ecosystem, prominent investment management firm VanEck will support Bitcoin Core with 5% of the revenue generated by its spot exchange-traded fund (ETF) if approved by the SEC. promised to allocate to . We have been hiring developers for over 10 years.

VanEck has already kicked off this initiative by donating the first $10,000 to Brink, an independent non-profit organization dedicated to supporting Bitcoin open source development.

This announcement highlights the company’s commitment to nurturing and strengthening Bitcoin’s underlying infrastructure. This initiative aims to provide sustainable support to developers contributing to the ongoing improvement and maintenance of the Bitcoin Core protocol. It is important to note that VanEck is now incentivized to make contributions like this to further advance Bitcoin development. As the network and assets become more powerful, it can help sell the appeal of buying ETFs to potential customers.

“We are not Bitcoin tourists at VanEck. We are in this for the long term,” VanEck said. “That’s why we signed a pledge to donate an initial $10,000 and donate 5% of Bitcoin ETF profits (where approved) to support Bitcoin Core developers.@bitcoinbrinkFor at least 10 years. Your tireless commitment to decentralization and innovation is a cornerstone of the Bitcoin ecosystem, and we are here to support it. “More details to come.”

By donating a portion of ETF profits, VanEck aims to help developers continue to foster innovation, security, and resilience within the Bitcoin network. This pledge not only represents a financial commitment, but also reflects a long-term vision to contribute to the evolution and longevity of Bitcoin.

This move has received some praise within the Bitcoin community as a proactive acknowledgment of the important role played by Bitcoin Core developers. These individuals have contributed significantly to the open-source development of the protocol, ensuring robustness and adaptability in the face of technological advancements and potential threats.

VanEck’s commitment to allocate a portion of its profits to support Bitcoin’s core developers represents a growing number of businesses recognizing the importance of investing in Bitcoin’s sustainability and growth. This pledge could have a profound and lasting impact on the Bitcoin development landscape for years to come as the company positions itself for approval of a potential spot Bitcoin ETF that could lead to large amounts of institutional and retail capital flowing into BTC.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

South Africa central bank insists on the ‘old -fashioned’ exchange control law, which is still valid for encryption regulations.

June 5, 2025

Price prediction of BTC, ETH, XRP, BNB, SOL, DOGE, ADA, Sui, Hype, Link

June 4, 2025

Introduction to Krakeen Prime, a full -service prime brokerage for customer creepto customers

June 4, 2025
Add A Comment

Comments are closed.

Recent Posts

The XRP face to unlock $ 2.2B. Are $ 2.14’s support under pressure?

June 5, 2025

Bitcoin protection zones, Stablecoin regulations are the main drivers.

June 5, 2025

BITMEX, June 10 Q3 2025 quarter gifts

June 5, 2025

More XRP metrics offer a $ 3 rally in June.

June 5, 2025

Nibiru starts the “Block Party” AURA program to compensate for actual defect activities.

June 5, 2025

More XRP metrics offer a $ 3 rally in June.

June 5, 2025

South Africa central bank insists on the ‘old -fashioned’ exchange control law, which is still valid for encryption regulations.

June 5, 2025

Bitcoin (BTC) faces profit pressure when returning from a new ATH.

June 5, 2025

BYDFI and Director Leadger Nano X Limited Limited Global Campaign with limited bydfi x ledger

June 5, 2025

Enterprise Ethereum Alliance accelerates strategic vision with new leadership and board promises -Enterprise Ethereum Alliance

June 5, 2025

Analysts predict a new all -time high of one asset, according to the Solana -based Memecoin setting stage ‘Full Blown Parabola’.

June 5, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

The XRP face to unlock $ 2.2B. Are $ 2.14’s support under pressure?

June 5, 2025

Bitcoin protection zones, Stablecoin regulations are the main drivers.

June 5, 2025

BITMEX, June 10 Q3 2025 quarter gifts

June 5, 2025
Most Popular

JPMorgan sees no more than a 50% chance of Ethereum ETF approval until May.

January 12, 2024

SEC’s USDC Probe Could Derail Circle IPO Plans: Barron’s

June 19, 2024

Revolutionizing Sports Betting with AI Precision

December 19, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.