7RCC global unveils Bitcoin-carbon credit ETF plan

In a move that stands out in the investment world, 7RCC Global has taken a significant step by filing with the U.S. Securities and Exchange Commission (SEC) for a pioneering Exchange Traded Fund (ETF). The proposed ETF, named the 7RCC Spot Bitcoin and Carbon Credit Futures ETF, innovatively combines 80% Bitcoin with 20% carbon credit futures. This bold initiative marks the first time an ETF has married the realms of digital assets with a strong environmental emphasis.

Gemini to safeguard future of ESG-centric digital assets

Gemini, a key player in the digital asset industry, has been entrusted as the custodian of this novel ETF. This collaboration is a testament to the growing convergence of traditional financial sectors with cutting-edge digital assets.

Gemini’s involvement is pivotal in ensuring the smooth integration of these two diverse investment areas, further reinforcing the importance of sustainable investment strategies in today’s financial landscape.

7RCC leads the charge in responsible investing

Introducing this ETF places 7RCC Global at the forefront of a competitive environment, where financial behemoths like BlackRock and Fidelity are also vying for approval of their spot Bitcoin ETFs in the U.S. However, 7RCC’s dual focus on cryptocurrency and environmental sustainability through carbon credits distinctly positions it in the ongoing race.

Recent developments in regulatory attitudes hint at a possible approval for these innovative financial products. The industry is buzzing with anticipation, as this could herald a new era of digital asset investment that aligns with environmental, social, and governance (ESG) principles.

The 7RCC Spot Bitcoin and Carbon Credit Futures ETF not only represents a breakthrough in the ETF market but also paves the way for a new genre of ESG-focused digital asset investments. As the financial world waits on the SEC’s decision, the potential impact of this ETF in setting new standards for socially responsible investing is immense.

The post 7RCC global unveils Bitcoin-carbon credit ETF plan first appeared on Coinfea.