Viridi Funds (“Viridi”), a registered investment advisor, today announced the launch of the Viridi Cleaner Energy Crypto-Mining & Semiconductor ETF (NYSE: “RIGZ”). The Viridi Cleaner Energy Crypto-Mining & Semiconductor ETF serves as the first clean energy crypto mining product in the United States.
In reference to the launch of the fund, Chief Executive Officer of Viridi Funds, Wes Fulford, stated:”Bitcoin and cryptocurrencies continue to grow in importance, and we are witnessing a new wave of institutional support for this emerging asset class. We launched RIGZ to provide investors with an ETF that attempts to align purpose and profit by investing in the infrastructure that underpins the entire ecosystem with sustainability in mind”.
“We are excited to be launching RIGZ at such a pivotal point within the evolution of this market sector, and to be prioritizing investment into sustainable crypto mining practices through Viridi’s clean energy focus.”
RIGZ is an actively managed exchange traded fund that trades on the NYSE, comes with 20 holdings and an expense ratio of 0.90%. See the complete fact sheet on RIGZ. It will not invest directly in cryptocurrencies, though it will have indirect exposure to Bitcoin, Ethereum and other cryptocurrencies through miners.
Virdi is a fund manager company providing environmentally focused crypto investment products. In addition to launching the Fund, it will also publish research on the growing cryptocurrency mining and semiconductor space.