VanEck Pledges Support for Ethereum, Promising Part of ETF Profits

VanEck Pledges Support for Ethereum, Promising Part of ETF Profits



VanEck, an investment company with assets totaling $80 billion has made an announcement expressing their support for the development of Ethereum. They have stated their intention to contribute a portion of the profits generated by their Ethereum ETF.



VanEck has committed to donating 10% of the profits from their Ethereum Futures ETF over the ten years to the Ethereum Protocol Guild, a collective comprised of 152 prominent developers who have played a pivotal role in building and maintaining the Ethereum infrastructure for the past decade.



The announcement has been met with enthusiasm by the Ethereum community with comments from influential figures such as delegate founder 0xfoobar. Leading teams such as Uniswap, Arbitrum, Optimism and Lido have previously shown support for the Protocol Guild.



The objective of VanEcks Ethereum


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#Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #ETF, #Ethereum, #News, #Regulations, #VanEck

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