Jan 23, 2020 ⋅ 1 min read
Asset manager Grayscale Investments announced it would continue to financially support development initiatives on Ethereum Classic for at least the next two years. Since 2017, the Digital Currency Group subsidiary has donated one-third of the management fees (3% of AUM) from its Grayscale Ethereum Classic Trust to the ETC Cooperative, the non-profit that oversees the growth and development of the Ethereum Classic protocol. According to CoinDesk, these donations now total $1.1 million.
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