Posted 1/5/2024, 5:12:00 PM
VanEck Pledges 5% of Bitcoin ETF Profits to Developers, Signaling Long-Term Industry Commitment
- VanEck asset management firm plans to donate 5% of profits from its proposed Bitcoin ETF to Bitcoin Core developers
- VanEck's Bitcoin ETF application is one of over a dozen awaiting SEC decision on approval
- SEC expected to finally approve Bitcoin spot ETF listings soon
- Arrival of Bitcoin spot ETFs expected to significantly increase institutional investment into crypto
- VanEck wants to demonstrate long-term commitment to Bitcoin industry, not just short-term financial gain