VanEck is ready to transfer 5% of profits from Bitcoin ETFs to Bitcoin core developers
On Friday, investment firm VanEck pledged to allocate 5% of its potential profits from its spot Bitcoin ETF to Bitcoin core developers Brink.
VanEck added that it has made its first donation of $10,000 to support Brink's work.
Brink was founded in 2020 to advance the Bitcoin protocol through research and development and support the Bitcoin developer community. The organization launched an incentive program to attract new software engineers and a grant program for existing Bitcoin developers.
In June 2023, Brink received $5 million in funding from Jack Dorsey's Smart Small initiative.
