Asset
management
firm
and
prospective
BTC
exchange-traded
fund
(ETF)
provider
VanEck
will
donate
5%
of
the
profits
from
its
fund
(if
approved)
to
Bitcoin
developers
Brink.
VanEck’s
application
to
list
a
spot
bitcoin
ETF
in
the
U.S.
is
one
of
more
than
a
dozen
currently
awaiting
a
decision
from
the
U.S.
Securities
and
Exchange
Commission
(SEC).
The
markets
regular
is
expected
to
finally
approve
such
the
listing
of
such
a
fund
in
the
coming
days.
The
arrival
of
spot
bitcoin
ETFs
is
expected
to
grow
the
amount
of
investment
into
cryptocurrency
from
the
TradFi
world
to
levels
never
seen
before.
While
this
is
largely
welcomed
from
the
incumbent
crypto
community,
there
will
also
be
friction
in
some
quarters.
Therefore
providers
like
VanEck
will
be
keen
to
demonstrate
some
commitment
to
the
core
Bitcoin
industry
by
giving
back
to
developers
and
others.
“We’re
not
Bitcoin
tourists
at
VanEck.
We’re
in
it
for
the
long
haul,”
VanEck
posted
on
X
on
Friday.
“Brink’s
tireless
dedication
to
decentralization
and
innovation
is
the
cornerstone
of
the
Bitcoin
ecosystem,
and
we’re
here
to
support
it.”
The
move
is
reminiscent
of
a
similar
pledge
by
VanEck
to
donate
10%
of
profits
from
its
ether
futures
ETF
to
Ethereum
developers
in
October
last
year.
