Carbon

Carbon Credit

<div class="coinjournal">
 <ul>
  <li>SEC postpones decision on 7RCC Spot Bitcoin and Carbon Credit Futures ETF to June 24, 2024.</li>
  <li>The ETF plans to invest 80% in Bitcoin and 20% in Carbon Credit Futures-linked financial instruments.</li>
  <li>Gemini has been named custodian for the ETF.</li>
 </ul>
 <p>The United States Securities and Exchange Commission (SEC) has announced a <a rel="noopener noreferrer nofollow" title="delay" href="https://thebittimes.com/tag/delay.html">delay</a> in its <a rel="noopener noreferrer nofollow" title="decision" href="https://thebittimes.com/tag/decision.html">decision</a> regarding the 7RCC Spot Bitcoin and Carbon Credit Futures ETF, a proposed exchange-traded fund focused on carbon credit futures contracts and Bitcoin (BTC).</p>
 <p>The <a rel="noopener noreferrer nofollow" title="delay" href="https://thebittimes.com/tag/delay.html">delay</a> was announced in a filing made on Thursday and it extends the timeline for the U.S. SEC to evaluate the proposed exchange-traded fund until June 24, 2024.</p>
 <p>During the extended timeline, the SEC aims to thoroughly review the proposal before making a final determination, citing the need for sufficient time to consider the potential impacts of the proposed rule change.</p>
 <h2 id="the-7rcc-spot-bitcoin-and-carbon-credit-futures-etf">The 7RCC Spot Bitcoin and Carbon Credit Futures ETF</h2>
 <p>The 7RCC Spot Bitcoin and Carbon Credit Futures ETF plans to allocate 80% of its assets to Bitcoin and the remaining 20% to financial instruments linked to Carbon Credit Futures. This unique investment strategy aims to provide investors with a diversified portfolio that encompasses both digital assets and environmental sustainability.</p>
 <p>The ETF’s approach is aligned with the evolving landscape of finance, offering a single-trade solution for those seeking exposure to both innovative technologies and progressive environmental initiatives. Gemini, a leading crypto exchange, has been named as the custodian for the ETF, signalling a significant partnership in the burgeoning digital asset space.</p>
 <p>The postponement news reflects the ongoing scrutiny and evaluation by regulatory bodies like the SEC in navigating the intersection of traditional finance and emerging technologies.</p>
 <p>As the deadline approaches, stakeholders eagerly await the SEC’s <a rel="noopener noreferrer nofollow" title="decision" href="https://thebittimes.com/tag/decision.html">decision</a>, which will have implications for the future of investment opportunities in both the digital asset and environmental sectors.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/sec-delays-decision-on-7rcc-spot-bitcoin-and-carbon-credit-futures-etf-tbt87379.html">https://thebittimes.com/sec-delays-decision-on-7rcc-spot-bitcoin-and-carbon-credit-futures-etf-tbt87379.html</a></p>

SEC delays decision on 7RCC Spot Bitcoin and Carbon Credit Futures ETF

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TheBitTimes

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