#𝗩𝗮𝗻𝗘𝗰𝗸 𝗖𝗼𝗺𝗺𝗶𝘁𝘀 𝘁𝗼 𝗗𝗼𝗻𝗮𝘁𝗶𝗻𝗴 𝟱% 𝗼𝗳 𝗕𝗧𝗖 𝗘𝗧𝗙 𝗣𝗿𝗼𝗳𝗶𝘁𝘀 𝘁𝗼 #𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗲𝗿𝘀 𝗮𝘁 𝗕𝗿𝗶𝗻𝗸.

📌Asset manager #VanEck, a potential provider of a #Bitcoin exchange-traded fund (ETF), has revealed plans to donate a portion of the profits from the investment vehicle to #Bitcoin core developers upon approval.

📌In a post on X (formerly Twitter) on January 5, VanEck announced a 5% pledge to Bitcoin core developers through the nonprofit organization Brink ahead of potential approval for its spot #Bitcoin exchange-traded product application. The asset management firm also disclosed that it had already made a $10,000 donation to the developers, irrespective of the SEC’s decision on the investment vehicle.

📌The firm expressed appreciation for the developers’ dedication todecentralization and innovation, describing them as the cornerstone of the #Bitcoin ecosystem.

📌VanEck applied for a spot #BitcoinETF in the United States, with a decision from the U.S. Securities and Exchange Commission (SEC) expected in the coming days. The potential approval of spot #BitcoinETFs is anticipated to bring a substantial influx of investment from traditional finance (TradFi) into the cryptocurrency space, reaching unprecedented levels.