The U.S. Securities and Exchange Commission (SEC) has fast-tracked the approval of a new exchange-traded fund (ETF) that combines Bitcoin exposure with carbon credit futures.
On November 15, 2024, the approval was finalized, marking a significant milestone for a product that merges cryptocurrency investment with sustainability efforts.
The ETF, which will be listed on the NYSE Arca exchange, was filed under NYSE Arca Rule 8.500-E, starting its SEC review on March 13, 2024. The proposal underwent extensive revisions and due diligence to address the challenges of integrating spot Bitcoin assets with carbon credit futures.
After considering public feedback and further regulatory reviews, the SEC approved the fourth version of the proposal, which strengthens its operational structure and ensures compliance with relevant laws.
This ETF offers investors two key benefits: direct exposure to Bitcoin’s price fluctuations, allowing them to capitalize on the cryptocurrency’s increasing popularity, and investments in carbon credit futures to mitigate the environmental impact of Bitcoin mining, aligning with global sustainability initiatives.
Recent reports suggest that El Salvador’s 6,114 BTC, claimed by the government, may actually be controlled by the crypto exchange Bitfinex.
Under the guidance of Cathie Wood, ARK Invest has significantly bolstered its Bitcoin holdings, purchasing 997 BTC, valued at approximately $80 million, on March 13, 2025.
Bitcoin ETFs saw significant outflows on Thursday, totaling $143.3 million, based on data from Farside Investors.
Jack Mallers, CEO of the Bitcoin wallet and payments platform Strike, has shared his bold vision for the future of Bitcoin, stating that its market cap could increase by trillions of dollars.