© Reuters.
NEW YORK – VanEck, a global investment manager, announced a long-term commitment to support the development of Bitcoin’s core.
The company has committed to donating 5% of its profits from the proposed Bitcoin spot ETF to Brink, a non-profit organization focused on Bitcoin’s technological framework.
This philanthropic gesture began with an initial contribution of approximately $10,000. The commitment spans more than a decade, signaling VanEck’s confidence in the future of cryptocurrency and dedication to promoting a robust and secure Bitcoin network through sustained financial support .
VanEck’s proposed Bitcoin spot ETF is part of a broader industry trend, with several investment firms, including BlackRock, Ark and Grayscale, awaiting the SEC’s decision on similar proposals. The financial community is very impatient, as decisions on these proposals are expected quickly, with one regarding the Ark proposal scheduled for January 10.
This article was generated and translated with the help of AI and reviewed by an editor. For more information, see our T&Cs.