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International Business Times
International Business Times
Business
Nica Osorio

VanEck Commits To Long-Term Support For BTC Core Developers If Bitcoin ETF Gets Approved

Bitcoin VanEck ETF SEC Crypto United States

KEY POINTS

  • VanEck filed its Form 8-A with the SEC last week
  • Its CEO last month gave a bullish prediction for BTC
  • Bitcoin was trading in the green zone at $44,082.85 Sunday afternoon

VanEck, an investment management firm based in New York and one of the applicants for the spot Bitcoin exchange-traded fund (ETF), has committed to giving 5% of its profit from the crypto investment vehicle to BTC core developers for 10 years.

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