United

Bitcoin ETF

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>The SEC has extended its review period for the listing of 7RCC’s carbon-neutral Bitcoin ETF.</li> 
 <li>The Bitcoin ETF will track daily price fluctuations of the cryptocurrency and carbon credit futures.</li> 
</ul> 
<p> The United States Securities and Exchange Commission (SEC) has extended its review period for the approval or disapproval of the New York Stock Exchange Arca’s application for the listing of 7RCC’s carbon-neutral spot <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/">Bitcoin</a> exchange-traded fund (ETF).</p> 
<p>The new deadline for the final decision is now June 24, 2024, a significant delay from the original deadline of May 10, 2024.</p> 
<h2 id="the-carbon-neutral-bitcoin-etf">The Carbon-Neutral Bitcoin ETF</h2> 
<p>The ETF is designed to offer investors exposure to Bitcoin, alongside carbon credits to offset the digital asset’s carbon footprint. The ETF would track daily price changes in Bitcoin, as well as carbon credit futures based on the Vinter Bitcoin Carbon Credits Index. Crypto exchange Gemini would act as the custodian of the Bitcoin fund.</p> 
<p>The ETF aims to attract institutional investors who require an environmental, social and governance (ESG) compliant investment. It plans to allocate 80% of its assets to Bitcoin and the remaining 20% to financial instruments, such as swaps, tied to carbon credit futures contracts related to emissions allowances.</p> 
<h2 id="carbon-credit-futures">Carbon Credit Futures</h2> 
<p>Carbon credit futures are financial derivatives that allow trading based on the anticipated future value of carbon credits. These instruments facilitate financial strategies to manage carbon regulatory risks and support environmentally focused investment strategies.</p> 
<p>Since the beginning of the year, the SEC has approved 11 spot Bitcoin ETFs. These ETFs enable direct investment in Bitcoin, providing exposure to Bitcoin’s market movements through a regulated investment product. The next goal for investment managers is options trading on spot Bitcoin ETFs.</p> 
<p>The SEC has been postponing a decision on applications submitted by the New York Stock Exchange, Nasdaq and Cboe Global Markets since January.</p>

Decision on 7RCC’s Green Bitcoin ETF Postponed by SEC

목차

crypto.ro global

2024년 5월 3일에 게재된 다른 기사

Chainlink Collaborates With Rapid Addition To Develop Adapter for Institutional Digital Asset Tra...

Senators Call for Restrictions on Facial Recognition Technology in Airports

Ripple vs SEC: Ripple Might Lose in the Ongoing XRP Lawsuit; Here’s Why

Crypto Scam Alert: $68M WBTC Stolen in Address Poisoning

KuCoin’s Latest IEO: Win Big with 5M Lifeform (LFT) Tokens Lottery Event

Bybit Launches Galaxis IDO, Expanding Web3 Ecosystem

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!