Nexo and 7RCC Unveil ESG-Focused Bitcoin ETF Proposal
Nexo and 7RCC Global are pioneering a novel approach in the investment world by launching an ESG-focused Bitcoin exchange-traded fund (ETF).
The project is consistent with the impressive market trajectory observed for the spot Bitcoin ETF since its debut in January.
Nexo and 7RCC propose an ESG shift in Bitcoin investing
On December 20, ETF Store President Nate Geraci announced that Nexo and 7RCC Global had submitted an S-1 amendment to the U.S. Securities and Exchange Commission (SEC) to establish a new fund-Nexo 7RCC Spot Bitcoin and Carbon Credit Futures ETF.
Geraci revealed that the ETF will diversify the portfolio by allocating 80% to Bitcoin and the remaining 20% to carbon credits futures. He stressed that the ETF would focus on emissions allowances in established cap-and-trade systems, including those under the EU, California and regional greenhouse gas initiatives.
Carbon credit futures are financial instruments that trade based on the projected value of carbon credits. They provide a mechanism for dealing with regulatory uncertainty while promoting environmentally sustainable investment practices. Geraci describes ETFs as “the ESG version of cash” Bitcoin ETF” and expressed optimism about regulatory approval.
“Expect this to launch soon. Basically an ‘ESG’ version of the spot BTC ETF,” Geraci explain.
This move is not only a significant step forward in embedding ESG principles in cryptocurrency investing, but also sets a new financial instrument benchmark Aiming to combine profitability with environmental and social responsibility.
If approved, the ETF would enter the Heavyweights like BlackRock and Fidelity. Spot Bitcoin ETFs have attracted approximately $36 billion in funding Net inflows since the start of the year underscore a vibrant investment landscape.
In addition to ETFs, Nexo’s The partnership with 7RCC Global also promises wider social benefits, in line with the World Economic Forum’s Protect the Planet initiative. Indeed, this partnership underscores a shared commitment to promoting progress that respects and nurtures the environment for future generations.
Kalin Metodiev, CFA, co-founder and managing partner of Nexo, emphasized the partnership’s commitment to making a lasting impact.
“Unlike 20 years ago, today’s generation doesn’t just care about making money; they care about making money. It’s about making a difference. This strategic alliance underscores our commitment to sustainable solutions that benefit future generations. ” point out.
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