{"id":67151,"date":"2023-12-19T09:05:10","date_gmt":"2023-12-19T13:05:10","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=67151"},"modified":"2023-12-19T09:05:12","modified_gmt":"2023-12-19T13:05:12","slug":"7rcc-files-for-eco-friendly-spot-bitcoin-etf-with-sec","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/7rcc-files-for-eco-friendly-spot-bitcoin-etf-with-sec\/","title":{"rendered":"7RCC Files for Eco-friendly Spot Bitcoin ETF with SEC"},"content":{"rendered":"\n

7RCC, an organization specializing in developing solutions for ESG-conscious investors<\/a>, has applied for a carbon-neutral spot Bitcoin exchange-traded fund (ETF) in cryptocurrency with the US SEC.<\/p>\n\n\n\n

\"7RCC
7RCC Files for Eco-friendly Spot Bitcoin ETF with SEC<\/figcaption><\/figure>\n\n\n\n

Per the application submitted to the Securities and Exchange Commission (SEC) of the United States, the ETF will prioritize serving investors committed to environmental, social, and governance (ESG) values. As a result, 80% of the ETF will consist of Bitcoin, and 20% will be carbon credit futures.<\/p>\n\n\n\n

The company also stated that the investment objective of the ETF is to mirror the fluctuations in BTC prices and the value of the Vinter Bitcoin Carbon Credits Index, which represents carbon credit futures<\/a>. <\/p>\n\n\n\n

The valuation of carbon credit futures is contingent upon issuing emissions allowances through the Regional Greenhouse Gas Initiative, the European Union Emissions Trading System, and the California Carbon Allowance.<\/p>\n\n\n\n

\n

New filing: 7RCC Spot Bitcoin & Carbon Credit Futures ETF\u2026

Holds 80% bitcoin & 20% carbon credit futures.

Was only a matter of time before we got an \u201cESG\u201d bitcoin ETF.

We\u2019re gonna see all types of permutations on spot bitcoin ETFs. pic.twitter.com\/yeIyEGaGyf\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a><\/p>— Nate Geraci (@NateGeraci) December 18, 2023<\/use><\/svg><\/span><\/a><\/blockquote>

ETF Store president Nate Geraci remarked that introducing an ESG Bitcoin ETF was “only a matter of time” in response to the development. Additionally, Geraci predicted that “every conceivable permutation” would exist about identifying Bitcoin ETFs.<\/p>\n\n\n\n

The cryptocurrency exchange Gemini declared itself the custodian of the 7RCC Bitcoin and Carbon Credit Futures E<\/use><\/svg><\/span><\/a>TF on December 18. As stated in the article, 7RCC's support of the fund is a significant advancement for Gemini's platform, enabling investors to expand the diversity of their portfolios.<\/p>\n","protected":false},"excerpt":{"rendered":"

7RCC, an organization specializing in developing solutions for ESG-conscious investors, has applied for a carbon-neutral spot Bitcoin exchange-traded fund (ETF) in cryptocurrency with the US SEC. Per the application submitted to the Securities and Exchange Commission (SEC) of the United States, the ETF will prioritize serving investors committed to environmental, social, and governance (ESG) values. […]<\/p>\n","protected":false},"author":12,"featured_media":67157,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83],"tags":[7231,17615,8817,8615],"class_list":["post-67151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-sec-3","tag-7rcc","tag-carbon-neutral","tag-spot-bitcoin-etf-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/12\/image-60.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/67151","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=67151"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/67151\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/67157"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=67151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=67151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=67151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}