The SEC filing for the 7RCC spot Bitcoin ETF highlighted that it will include 80% Bitcoin and 20% Carbon Credits Futures.
7RCC, a company that “specializes in developing solutions for ESG-conscious investors,” has applied for a spot Bitcoin exchange-traded fund (ETF) that provides a carbon-neutral investment option in the crypto space.
According to the application filed with the United States Securities and Exchange Commission (SEC), the ETF will focus on catering to investors who adhere to environmental, social and governance (ESG) principles. Because of this, the ETF will be 80% Bitcoin (BTC) and 20% carbon credit futures.
The company also said that the ETF’s investment objective is to reflect the changes in BTC prices and the value of carbon credit futures represented by the Vinter Bitcoin Carbon Credits Index. The carbon credit futures are linked to the value of emissions allowances issued under the European Union Emissions Trading System, the California Carbon Allowance and the Regional Greenhouse Gas Initiative.
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Source: https://cointelegraph.com/news/7rcc-bitcoin-etf-application-carbon-credits-futures