{"id":25453,"date":"2024-01-07T03:42:37","date_gmt":"2024-01-07T03:42:37","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/investment-firm-vaneck-backs-bitcoin-with-etf-profit-pledge\/"},"modified":"2024-01-07T03:42:37","modified_gmt":"2024-01-07T03:42:37","slug":"investment-firm-vaneck-backs-bitcoin-with-etf-profit-pledge","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/investment-firm-vaneck-backs-bitcoin-with-etf-profit-pledge\/","title":{"rendered":"Investment Firm VanEck Backs Bitcoin with ETF Profit Pledge"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>VanEck, a leading investment firm, has committed to donating a portion of its profits from its proposed Bitcoin exchange-traded fund (ETF) to support <a href=\"https:\/\/igaming.org\/cryptocurrencies\/section\/what-is-a-bitcoin\/\">Bitcoin<\/a> development. This announcement comes as the U.S. Securities and Exchange Commission (SEC) reviews VanEck\u2019s application for the Bitcoin ETF, along with several others from major financial institutions.<\/p>\n<p>The firm has already demonstrated its commitment to the Bitcoin community by donating $10,000 and pledging 5% of future Bitcoin ETF profits (pending approval) to Bitcoin Core developers via Brink for at least a decade. Brink is an initiative focused on enhancing the Bitcoin protocol and network through research and development efforts.<\/p>\n<p>VanEck\u2019s approach reflects its deep involvement in the Bitcoin space. <em>\u201cWe\u2019re not Bitcoin tourists,\u201d<\/em> the company states, emphasizing its long-term commitment to supporting the cryptocurrency\u2019s infrastructure and growth.<\/p>\n<p>The decision on the ETF applications, including ARK 21 Shares Bitcoin ETF, is anticipated soon, with a deadline set by the SEC for January 10th. Bloomberg ETF analysts estimate a 90% chance of the SEC <a href=\"https:\/\/igaming.org\/crypto\/final-filings-suggest-imminent-approval-of-u-s-bitcoin-etfs\/\">approving<\/a> the investment product, making it a key moment for Bitcoin and the cryptocurrency market.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>175% Extra +<strong> $75 Risk Free Bet<\/strong>!<\/strong> <\/p>\n<p>New players only. 17% on 1st Deposit + $75 Risk Free Bet<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>In addition to VanEck, other major financial players have entered the Bitcoin ETF arena, signaling a growing institutional interest in cryptocurrency. The outcome of these applications could mark a significant shift in how Bitcoin is accessed and invested in by mainstream investors.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/investment-firm-vaneck-backs-bitcoin-with-etf-profit-pledge\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) VanEck, a leading investment firm, has committed to donating a portion of its profits from its proposed Bitcoin exchange-traded fund (ETF) to support Bitcoin development. This announcement comes as the U.S. Securities and Exchange Commission (SEC) reviews VanEck\u2019s application for the Bitcoin ETF, along with several [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":25454,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25453"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=25453"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25453\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/25454"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=25453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=25453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=25453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}