VanEck Global Asset Manager has revealed that it will donate 10% of all profits from its upcoming Ether Futures exchange-traded fund (ETF) to core developers. Ethereum for 10 years, as the company announced on X (formerly Twitter) on September 29.
The beneficiary is The Protocol Guild, which is a group.More than 150 developersIt oversees Ethereum’s core technology. According to VanEck, it is only fair for the asset manager to return some of its money back to the community that created the protocol.
“If TradFi benefits from the efforts of Ethereum’s key contributors, it makes sense that we reward their work as well. And we urge other asset managers/ETF issuers to consider doing the same.”
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