Asset manager VanEck will donate 10% of all profits generated by its upcoming Ethereum Strategy ETF to Ethereum core developers.
Global asset manager VanEck will donate 10% of all profits from its upcoming Ether futures exchange-traded fund to Ethereum core developers for ten years, the company announced on X on Sept. 29.maintaining Ethereum’s core technology. According to VanEck, it’s only fair for asset managers to return part of their proceeds to the community building the crypto protocol. It stated:
“If TradFi stands to gain from the efforts of Ethereum’s core contributors, it makes sense that we also give back to their work. We urge other asset managers/ETF issuers to consider also giving back in the same way." With this move, VanEck joins other crypto-native communities supporting the Ethereum network, including Lido Finance, Uniswap, Arbitrum, Optimism, ENS Domains, MolochDAO, and Nouns DAO.
According to a public dashboard tracking donations sent to the Guild’s mainnet, 4,846 contributions have over $12 million in donations. Funds are then distributed among its members according to a weighted ratio based on their contribution periods.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
VanEck to donate 10% of Ethereum Strategy ETF profits to core devsVanEck intends to donate 10% of its Ethereum Strategy exchange-traded fund to The Protocol Guild for at least 10 years.
Read more »
Ether the Ether: VanEck releases two ETF ads ahead of possible Monday launchVanEck has released two short TV ads unveiling the firm’s “upcoming” Ethereum Strategy ETF product, which is 'coming soon.'
Read more »
SEC continues bitcoin ETF delays, hitting Fidelity, VanEck & WisdomTreeThe SEC continued with a filing frenzy ahead of a government shutdown, delaying proposed spot bitcoin ETFs from WisdomTree and Fidelity.
Read more »
Princeton beats Columbia 10-7 with late 10-minute drive in rainy Ivy League openerJohn Volker scored on a 1-yard run with 2:07 to play and Princeton pulled out a 10-7 win over Columbia in an Ivy League opener on a rainy Friday night.
Read more »
SEC Plans to Hasten Ether Futures ETF Launch: Bloomberg ETF AnalystSome Ethereum futures ETFs may reportedly launch next neek, with Valkyrie's expected to be first in line.
Read more »
Invesco Galaxy applies for spot Ether ETFInvesco and Galaxy Digital allegedly filed for a spot Ethereum ETF on Sept. 29.
Read more »