A new player in the world of cryptocurrency investment, 7RCC, is vying for approval to launch a bitcoin exchange-traded fund (ETF) with a focus on environmental, social, and governance (ESG) criteria.
According to a filing submitted to the Securities and Exchange Commission (SEC), 7RCC aims to provide an ETF that aligns with ESG principles in the crypto space.
As the custodian for the 7RCC Bitcoin ETF, Gemini is eager to collaborate with the fund creators and assist in ensuring the successful launch of a Bitcoin ETF in the United States.
According to the recently submitted S-1 statement, this fund seeks to mirror the daily movements of both bitcoin prices and the worth of carbon credit futures. Specifically, the fund plans to allocate 80% of its assets to Bitcoin and the remaining 20% to Carbon Credit Futures.
In a blog post, Gemini stated, “The Fund offers a unique opportunity for investors to diversify their portfolios, balancing the innovative nature of Bitcoin with the progressive realm of Carbon Credit Futures.
In doing so, the Fund provides investors with an integrated single-trade approach to digital assets and environmental sustainability.”
Also Read: Bitcoin ETF Verdict Nears as Crypto World Awaits SEC Decision
