Investment firm VanEck has committed to donating 5% of potential profits from its proposed spot Bitcoin ETF to Brink, a Bitcoin core developer group. This gesture highlights their appreciation for the developers’ crucial role in the Bitcoin ecosystem. VanEck has already donated $10,000 to Brink, which was founded in 2020 and is dedicated to Bitcoin protocol research and development.
Brink board member Jonathan Bier commented, “This is fantastic news. The open-source development of Bitcoin is vital, and VanEck’s generous support for the ecosystem’s core is remarkable.”
VanEck further stated, “We recognize and value your relentless pursuit of decentralization and innovation as the foundation of the Bitcoin ecosystem. We are committed to supporting this, with more information to be provided in the future.”