VanEck to Donate 10% of Ether ETF Profits to Ethereum Developers

VanEck will donate 10% of Ether ETF profits to Ethereum core developers via Protocol Guild for 10 years.
The Protocol Guild has over 150 developers working on Ethereum's core technology.
VanEck urges other asset managers to also donate a portion of their crypto ETF proceeds.
The Protocol Guild has received over $12 million in donations from various crypto communities.
VanEck's upcoming Ethereum Strategy ETF will invest in ether futures contracts.

cointelegraph.com

Relevant topic timeline:

8/31/2023

Bitcoin ETF Applications Are Bitcoin's Best Marketing Strategy

Major financial institutions like BlackRock, Fidelity Investments, and VanEck applying for Bitcoin exchange-traded funds (ETFs) is a strategic marketing move that is reshaping the narrative of Bitcoin and boosting its credibility as a mainstream asset class in the eyes of seasoned financiers.

9/28/2023

SEC Extends Decision on Spot Ethereum ETFs to End of Year

The U.S. SEC has extended the deadline for approving Ethereum spot exchange-traded fund (ETF) applications by Ark Invest and VanEck to December 26, 2023, while optimism remains high for the approval of a futures-based ETH product next week.

9/29/2023

VanEck Airs TV Ads Hinting at Imminent Launch of Ethereum Futures ETF

VanEck has released TV commercials for its upcoming Ethereum futures ETF, suggesting that the launch may happen sooner than expected, leading to a marketing war among ETF issuers as approvals for Ethereum futures ETFs and spot Bitcoin ETFs are anticipated.

10/2/2023

VanEck Launches New Ethereum Futures ETF With Tax Benefits and Developer Donations

Investment management firm VanEck is launching its Ethereum Strategy ETF, which will invest in Ether futures contracts and has no direct exposure to ETH, with trading set to begin on October 2nd on the Chicago Board Options Exchange (CBOE).

10/2/2023

Ethereum Takes Center Stage as VanEck, ProShares and Bitwise Launch ETFs Tracking Ether Futures and Blends

Three major Ethereum futures exchange-traded funds (ETFs) have been launched by VanEck, ProShares, and Bitwise, causing a spike in the cryptocurrency markets.

10/24/2023

Bitcoin Jumps to $35K as SEC Decision Fuels Rally for Crypto Stocks

Cryptocurrency prices surged as bitcoin reached its highest level since May 2022, driven by hopes of a spot bitcoin exchange-traded fund (ETF) launching soon after the SEC declined to challenge Grayscale Investments' court loss. Several firms, including ARK Invest, VanEck, BlackRock, and Coinbase, have filed for bitcoin ETFs, and there is significant institutional demand for a spot bitcoin ETF with expectations of SEC approval.

Topics

Posted 9/30/2023, 4:32:37 PM

VanEck to Donate 10% of Ether ETF Profits to Ethereum Developers

VanEck will donate 10% of Ether ETF profits to Ethereum core developers via Protocol Guild for 10 years.
The Protocol Guild has over 150 developers working on Ethereum's core technology.
VanEck urges other asset managers to also donate a portion of their crypto ETF proceeds.
The Protocol Guild has received over $12 million in donations from various crypto communities.
VanEck's upcoming Ethereum Strategy ETF will invest in ether futures contracts.

cointelegraph.com

Relevant topic timeline:

8/31/2023

Bitcoin ETF Applications Are Bitcoin's Best Marketing Strategy

9/28/2023

SEC Extends Decision on Spot Ethereum ETFs to End of Year

9/29/2023

VanEck Airs TV Ads Hinting at Imminent Launch of Ethereum Futures ETF

10/2/2023

VanEck Launches New Ethereum Futures ETF With Tax Benefits and Developer Donations

10/2/2023

Ethereum Takes Center Stage as VanEck, ProShares and Bitwise Launch ETFs Tracking Ether Futures and Blends

Three major Ethereum futures exchange-traded funds (ETFs) have been launched by VanEck, ProShares, and Bitwise, causing a spike in the cryptocurrency markets.

10/24/2023

Bitcoin Jumps to $35K as SEC Decision Fuels Rally for Crypto Stocks