Carbon

Carbon Credit

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>The SEC has delayed its decision regarding a proposed ETF focused on carbon credit futures contracts and Bitcoin.</li> 
 <li>The proposed fund plans to invest 80% of its assets in Bitcoin and 20% in financial instruments linked to Carbon Credit Futures.</li> 
</ul>  
<p>The U.S. Securities and Exchange Commission (SEC) has announced that it will require more time to decide on the proposed exchange-traded fund (ETF) that is centered on carbon credit futures contracts and <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/">Bitcoin</a>.</p> 
<p>According to a filing made recently, the SEC will decide whether to “approve or disapprove, or institute proceedings” for the 7RCC Spot Bitcoin and Carbon Credit Futures ETF by June 24, 2024.</p> 
<h2 id="reason-for-delay">Reason for Delay</h2> 
<p>The SEC stated that it finds it suitable to designate a longer period to take action on the proposed rule change, in order to have enough time to consider the proposed rule change.</p> 
<p>As per previous filings, the proposed fund aims to invest 80% of its assets in Bitcoin and 20% in “financial instruments, including swap agreements, that provide exposure to Carbon Credit Futures represented by the Index.”</p> 
<h2 id="sustainability-approach">Sustainability Approach</h2> 
<p>A S-1 registration statement was filed for the spot Bitcoin and carbon credit futures ETF on Dec. 18, 2023, roughly a month prior to the SEC approving 11 spot Bitcoin ETFs.</p> 
<p>The fund presents a unique opportunity for investors to diversify their portfolios, balancing the innovative nature of Bitcoin with the progressive field of Carbon Credit Futures. The fund aims to provide investors with a unified single-trade approach to digital assets and environmental sustainability, as stated by the crypto exchange Gemini, who was named the custodian, in a post from December.</p>

SEC Delays Verdict on 7RCC Bitcoin and Carbon Credit Futures ETF

目录

crypto.ro global

发布于 2024年5月3日的其他文章

Trader Popular: Tren Bullish Bitcoin (BTC) Belum Berakhir

Major Fraud Case: Victim Sends $71 Million in Bitcoin to Fraudster’s Wallet with His Own Hands

Arweave Price Prediction: Is AR Set to Smash Yearly Highs?

Expert predicts Solana’s price to surge by 300%, plus a rise in this memecoin

Second Day of Data on Hong Kong Bitcoin ETFs Arrived! What is the situation according to the firs...

Ethereum: The rush of crypto investors continues despite the price drop

订阅我们免费的电子期刊，获取每日最新加密领域动态！