VanEck will be donating 10% of their ethereum ETF profits to a collective of 152 ethereum core contributors for atleast 10 years

VanEck is likely to get their eth ETF live in a couple of days, they plan to donate 10% of the eth ETF profits to "protocol guild", which is a collective of 152 core contributors for ethereum. Their reasoning for this is to thank the contributors for their hard work and relentless building.

Protocol Guild is a grassroots funding mechanism for ~150 individuals instrumental to maintaining Ethereum’s core protocol. It provides mutual support for peer members, and a way for the broader ecosystem to support protocol work

VanEck also states this, which I agree with.

If TradFi stands to gain from the efforts of Ethereum's core contributors, it makes sense that we also give back to their work. We urge other asset managers/ETF issuers to consider also giving back in the same way.

Tradfi will gain from the approved ETFs and they should be sharing some of the profits with the core contributors.

Source - https://twitter.com/vaneck_us/status/1707888396171977036?t=ks8yPtu8JUMy5nCfnbW4ug&s=19