Bitcoin-ETFs are gaining momentum as regulators clear major hurdles.
Approved by the SEC 11/15%
Bitcoin-ETFs are gaining momentum with the support of the SEC and CFTC
the SEC approved the listing of the 7RCC #Bitcoin and #Carbon Credit Futures #ETF .
ETF allocates 80% of its assets to bitcoin and 20% to carbon credit futures.
This move comes after the CFTC authorized the trading of options on bitcoin-ETFs.
The U. S. Securities and Exchange Commission (SEC) has approved the listing of the environmentally friendly bitcoin fund 7RCC on the NYSE Arca exchange.
This milestone coincides with the recent achievement of the Commodity Futures Trading Commission (CFTC), which made spot trading of bitcoin options possible.
11/15/2015, the SEC approved a rule change that will allow 7RCC to register and trade spot bitcoin and carbon credit futures. The decision comes nearly 7 years after the RCC filed its first prospectus in 2023/12/1. The application was amended 4 times during the review process, which began on May 3.
the fund plans to invest 80% of its assets in bitcoin and 20% in financial instruments linked to carbon credit futures. These futures are based on performance related to environmental initiatives, including the European Union's emissions trading system, California's carbon credit and the Regional Greenhouse Gas Initiative.
The Fund learns about these carbon credit futures only by directly investing in such futures contracts
the Fund does not intend to invest in carbon credit futures related to bitcoin mining or other related processes, the SEC wrote.
Carbon credit futures are financial instruments that allow you to trade based on the expected value of your carbon credit. These instruments help manage regulatory risk, supporting environmentally responsible investments.
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