VanEck Bitcoin ETF Sees $7.7 Million Daily Flow | Flash News Detail | Blockchain.News

VanEck Bitcoin ETF Sees $7.7 Million Daily Flow

11/19/2024 12:14:18 AM

VanEck Bitcoin ETF Sees $7.7 Million Daily Flow

According to Farside Investors, the VanEck Bitcoin ETF has recorded a daily flow of $7.7 million. Notably, 5% of the profits generated from this product are allocated to Bitcoin developers. This allocation could influence the development and enhancement of Bitcoin's infrastructure, potentially impacting its market value and adoption. Traders should consider the implications of these profit allocations on Bitcoin's future development. (Source)

Bitcoin ETF VanEck Bitcoin developers

More from Farside Investors (@FarsideUK): Farside Investors is a London based investment management company. Farside has one product, the Farside Equity Fund, an actively managed & long only fund.