Nate Geraci Announces Submission of Nexo 7RCC Bitcoin and Carbon Credit ETF
The post Nate Geraci Announces Submission of Nexo 7RCC Bitcoin and Carbon Credit ETF appeared on BitcoinEthereumNews.com.
Market News Nexo 7RCC ETF combines 80% Bitcoin and 20% carbon credit futures. SEC approval for the 19b-4 filing has been granted, and launch is imminent. The Nexo 7RCC Spot Bitcoin and Carbon Credit Futures ETF is set to launch soon, following its S-1 amendment submission. Nate Geraci, President of The ETF Store, announced the development on December 21 via social media. This innovative ETF combines 80% Bitcoin and 20% carbon credit futures. It aims to merge cryptocurrency investment with environmental sustainability. S-1 amendment filed for Nexo 7RCC Spot Bitcoin and Carbon Credit Futures ETF… Holds exactly what name suggests. 80% btc, 20% carbon credit futures. SEC has already approved 19b-4. Expect this to launch soon. Basically an “ESG” version of spot btc ETF. pic.twitter.com/2hcksclNjs — Nate Geraci (@NateGeraci) December 21, 2024 The ETF’s portfolio includes carbon trading systems like EU carbon emission allowances, California carbon allowances, and the Regional Greenhouse Gas Initiative. By integrating these assets, the fund positions itself as an “environmental, social, and governance” (ESG) version of a traditional Bitcoin ETF. Merging Crypto with Sustainability The Securities and Exchange Commission (SEC) has already approved the 19b-4 filing for this ETF. With this regulatory approval, the fund’s launch is imminent. Price fluctuations in the fund will depend on Bitcoin’s spot price, carbon credit allowances, and related futures prices. This combination provides a diversified approach to cryptocurrency and environmental investments. Market analysts view the Nexo 7RCC ETF as a significant step towards sustainable investing. The inclusion of carbon credit futures aligns with global efforts to reduce carbon emissions. Additionally, this ETF expands the scope of cryptocurrency-linked financial products. Investors seeking ESG-compliant options may find this offering attractive. The ETF Store’s announcement underscores the growing intersection of crypto and sustainability. As the market evolves, innovative products like Nexo 7RCC could…
