- 7RCC Global has submitted a spot Bitcoin ETF application to the U.S. Securities and Exchange Commission (SEC) with carbon credits.
- The new spot Bitcoin ETF will follow a portfolio consisting of 80% Bitcoin and 20% Carbon Credit Futures.
- Companies like BlackRock, Fidelity, Ark Invest, and others are already leading the race for approving a spot Bitcoin ETF in the U.S.
7RCC Global has submitted its application for a spot Bitcoin ETF to the U.S. Securities and Exchange Commission.
Another Participant in the Spot Bitcoin ETF Race
ESG-focused asset management company 7RCC Global, providing access to blockchain and digital asset investments for ESG investors through ETFs, has submitted a spot Bitcoin ETF application to the U.S. Securities and Exchange Commission (SEC) with carbon credits. The fund is designed to include a portfolio of 80% Bitcoin and 20% carbon credit futures, making it an environmentally focused ETF.
According to SEC documents, 7RCC Global, an ESG-focused asset management company, has submitted the application for 7RCC Spot Bitcoin and Carbon Credit Futures ETF. The new spot Bitcoin ETF will follow a portfolio consisting of 80% Bitcoin and 20% Carbon Credit Futures. 7RCC is the latest applicant to join the race for a unique environmentally focused spot Bitcoin ETF.
Companies like BlackRock, Fidelity, Ark Invest, and others are already leading the race for approving a spot Bitcoin ETF in the U.S., providing investors with a secure way to invest in Bitcoin. Tidal Financial Group has collaborated with 7RCC to facilitate the creation, operation, and growth of 7RCC Spot Bitcoin and Carbon Credit Futures ETF.
Additionally, Gemini is the custodian for 7RCC Spot Bitcoin and Carbon Credit Futures ETF. Gemini stated that collaborating with fund issuers and supporting workflows is critical for the company with the approval of a spot Bitcoin ETF in the U.S.
Spot Bitcoin ETF Coming Soon
ETF expert Nate Geraci claims that an “ESG” Bitcoin ETF is just a matter of time. He also believes that we will see permutations of various types related to spot Bitcoin ETFs. Meanwhile, Ark 21Shares, BlackRock, and WisdomTree have updated their spot Bitcoin ETF applications with a focus on cash creation. The decision to prioritize cash creation is interpreted as a positive sign in the S-1 amendment. ETF experts are expecting approval within the next three days.
