VanEck announced that they will commit to donating 5% of the profits from their proposed Bitcoin exchange-traded fund (ETF) to the Bitcoin development community at Brink, a project that encourages the further development of the Bitcoin protocol. This commitment is based on the idea that “supporting the underlying technology of Bitcoin is essential for its continued success and growth” and that the development community should be given incentives to continue innovating and pushing the boundaries of the technology. The donations will go to the Brink Foundation, which provides funding to developers for the development of Bitcoin-related projects. This makes VanEck the first company to publicly commit to donating part of its ETF profits to Bitcoin developers. The commitment should help incentivize development and spur further innovation and adoption of Bitcoin technology.
VanEck Commits to Donating 5% of BTC ETF Profits to Bitcoin Developers at Brink
