VanEck intends to donate 10% of its Ethereum Strategy exchange-traded fund to The Protocol Guild, a collective of 152 Ethereum core protocol contributors, for a minimum of 10 years.

"If TradFi stands to gain from the efforts of Ethereum's core contributors, it makes sense that we also give back to their work," the New York City-based asset manager wrote on X (formerly Twitter). "We urge other asset managers/ETF issuers to consider also giving back in the same way."

VanEck also thanked the Ethereum contributors "for nearly a decade of relentless building & ongoing stewardship of this common infrastructure."

Support for the move

The move has been received well by the broader Ethereum community.

"This is kinda insane, never would've expected to see it in a million years," Delegate …