Vaneck Promises 10% Ethereum ETF Profits to Drive ETH Core Development
On September 29, 2023, asset management firm Vaneck launched an initiative to allocate 10% of its profits from its ethereum ( ETH ) exchange-traded fund (ETF) to protocol development for at least ten years. This financial infusion will go to the Protocol Guild, a consortium of over 150 core Ethereum developers, driving their efforts to further refine and develop the Ethereum protocol.
On September 29, 2023, asset management firm Vaneck launched an initiative to allocate 10% of its profits from its ethereum ( ETH ) exchange-traded fund (ETF) to protocol development for at least ten years. This financial infusion will go to the Protocol Guild, a consortium of over 150 core Ethereum developers, driving their efforts to further refine and develop the Ethereum protocol.