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.
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.
