7RCC Files for a Special Bitcoin ETF
7RCC launches a unique Bitcoin ETF with an ESG focus, combining Bitcoin and carbon credit futures, backed by Gemini as custodian.
7RCC, a firm focusing on ESG-conscious investors, for a unique spot Bitcoin ETF. This ETF combines 80% Bitcoin and 20% carbon credit futures, aiming to attract investors who value environmental and social governance. ( ESG stands for Environmental, Social, and Governance.)
The ETF's goal is to mirror both the changes in Bitcoin prices and the value of Carbon Credit Futures, as per the Vinter Bitcoin Carbon Credits Index. These futures are tied to emissions allowances from systems like the European Union Emissions Trading System.
Gemini, a crypto exchange, announced it will be the custodian for this new ETF. This partnership is seen as a significant step for Gemini, offering investors a way to diversify their portfolios with a focus on sustainability.
