7RCC Proposes Bitcoin ETF with Carbon Credit Futures Exposure

7RCC, a crypto asset manager, joins major players like BlackRock and Ark Invest in applying for a Bitcoin ETF with the U.S. SEC. Their proposed fund aims to track the Vinter Bitcoin Carbon Credits Index, holding 80% bitcoin and 20% Carbon Credit Futures.

The ETF, outlined in a Monday S-1 filing, aligns with ESG principles, with 7RCC selecting Gemini as the bitcoin custodian. Gemini notes the innovative pairing of Bitcoin and Carbon Credit Futures, providing investors with a diversified portfolio.

BlackRock, WisdomTree, Ark Invest, and 21Shares have also filed similar ETF applications. Bitcoin's price surged 4.4%, reaching $42,911, reflecting the growing interest in crypto and sustainable investments.

Stay updated on cryptocurrency and DeFi with a new email from Frank Chaparro of The Block. Subscribe to explore the evolving landscape of digital assets.