Ahmet Bedirhan Arvas 
VanEck announced that it would donate 10% of its spot ETF profits to Bitcoin core developers over the next decade. Here are the details!
Investment firm VanEck, in light of the increasing momentum in spot Bitcoin ETFs, announced that, in the event of potential approval of a spot Bitcoin ETF, it would donate 5% of its profits to Bitcoin developers at Brink to support them. Additionally, VanEck made a $10,000 donation to Brink.
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In a post shared on X, VanEck stated that they are not tourists in this market, emphasizing their long-term commitment to the industry, supporting decentralization and innovation. They mentioned that more details would be revealed soon and added that they made an initial donation of $10,000 to support Brink.
We’re not Bitcoin tourists at VanEck. We’re in it for the long haul. That’s why we made an initial $10k donation and signed a pledge to donate 5% of our Bitcoin ETF profits (if approved) to support Bitcoin Core devs @bitcoinbrink for at least 10 years. Your tireless dedication to…
— VanEck (@vaneck_us) January 5, 2024
Brink, founded in 2020 with the aim of supporting Bitcoin and Bitcoin developers, is a company focused on bringing new software engineers into the world of Bitcoin development. It operates scholarship and grant programs with the goal of fostering new talent in the Bitcoin development community.
Jonathan Bier, a member of Brink’s board of directors, expressed that this is fantastic news, emphasizing the significance of open-source development efforts on Bitcoin and the investments made in this field.