Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
US to Launch Hybrid Bitcoin and Carbon Credit ETF

US to Launch Hybrid Bitcoin and Carbon Credit ETF

HappyCoinNewsHappyCoinNews2024/12/23 08:33
By:HappyCoinNews

The US wants to release the world's first hybrid ETF , based on Bitcoin and carbon credits, which are quotas for greenhouse gas emissions.

Nexo and 7RCC Global applied to the U.S. Securities and Exchange Commission to create a derivative called Nexo 7RCC Spot Bitcoin and Carbon Credit Futures ETF . According to the idea of ​​the fund’s issuers, 80% of the capital invested in this investment instrument will be in BTC, and the remaining 20% ​​will be in carbon credit futures, which allow CO2 emissions to be produced, for example, in Europe and the US state of California.

This year, EUA Futures for the purchase of greenhouse gas emission quotas in the European Union fell by 12%, and the market for these derivatives has been in a bearish trend for almost the last two years. Therefore, there are doubts that in ETF money will be actively invested on the basis of these futures.

US to Launch Hybrid Bitcoin and Carbon Credit ETF image 0

EUA Futures Rate Change

President of a consulting company ETF Store Nate Geraci believes US authorities will approve the release of Nexo 7RCC Spot Bitcoin and Carbon Credit Futures ETF , and the fund's shares will soon begin trading. Nate called the derivative "the ESG version of spot BTC- ETF ", as it is related to the principles of ESG: ecology, social policy and corporate governance. In this regard, it can be assumed that the creators ETF hope to attract the attention of compassionate investors who advocate for environmental conservation and solving social problems.

EN @happycoinnews
EN @happycoinnews_en
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Bitcoin ETFs See $83M Inflow, Ethereum Faces Outflows

Bitcoin spot ETFs gained $83M in inflows for 6 days straight, while Ethereum ETFs saw 13 days of outflows.Ethereum ETFs See Continued OutflowsShifting Investor Sentiment Between BTC and ETH

Coinomedia2025/03/22 16:55
Bitcoin ETFs See $83M Inflow, Ethereum Faces Outflows

South Korea’s Crypto Investors Surge Past 9.6M in 2024

South Korea's crypto investors hit 9.66 million in 2024, with 50+ age group dominating high-value holdings.Wealthy Individuals Lead the Crypto BoomFuture Outlook for South Korea’s Crypto Market

Coinomedia2025/03/22 16:55
South Korea’s Crypto Investors Surge Past 9.6M in 2024

Bernstein Slashes 2025 Outlook for BTC Miners

Bernstein cuts 2025 price targets for Bitcoin miners IREN, CleanSpark, and Riot, citing weak performance and AI-driven investor shift.AI and High-Performance Computing Steal the SpotlightOutlook for Bitcoin Miners in 2025

Coinomedia2025/03/22 16:55
Bernstein Slashes 2025 Outlook for BTC Miners