VanEck has announced its plan to donate 10% of all profits from its upcoming Ethereum (ETH) futures exchange-traded fund (ETF) to the Ethereum core developers for a period of ten years. The beneficiary of this initiative will be The Protocol Guild, a group comprising more than 150 developers responsible for maintaining Ethereum’s core technology.
In a recent post on X (formerly Twitter), VanEck expressed its belief that asset managers should give back to the community that builds and supports the crypto protocol. The company wrote, “Thank you, Ethereum contributors, for nearly a decade of relentless building & ongoing stewardship of this common infrastructure.” VanEck hopes that other asset managers and ETF issuers will consider adopting a similar approach.
