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.
European banking giant UniCredit is preparing to offer its professional clients a new investment product linked to BlackRock’s spot Bitcoin ETF (IBIT), according to a report by Bloomberg.
Connecticut has officially distanced itself from government adoption of digital assets like Bitcoin. On June 30, Governor Ned Lamont signed House Bill 7082 into law, placing sweeping restrictions on how the state and its agencies can engage with cryptocurrencies.
Bitcoin giant Strategy has added another 4,980 BTC to its reserves in a purchase worth approximately $531.9 million, according to Executive Chairman Michael Saylor.
According to renowned market veteran Peter Brandt, trading isn’t the path to prosperity for the vast majority of people.