US Regulators Continue to Delay Decision on Eco-Friendly Bitcoin ETF

📢 The US Securities and Exchange Commission (SEC) has again delayed its decision on 7RCC's carbon-credited Bitcoin ETF until November 21.

📢 This is the second time the decision has been delayed, following a delay in May. The ETF, proposed by Tidal Investments and NYSE Arca, aims to provide an environmentally friendly Bitcoin investment by offsetting carbon emissions through a portfolio of 80% Bitcoin and 20% carbon-credited futures.

📢 Bitcoin mining, which is notoriously energy-intensive, has raised environmental concerns. Carbon credits are designed to reduce greenhouse gas emissions through limited trading systems, such as those in the European Union and California.

📢 This delay reflects the SEC’s caution regarding the environmental impact of cryptocurrencies and its efforts to integrate sustainable practices into financial markets.

🔗 Source: Cointelegraph (https://cointelegraph.com/news/us-regulator-again-delays-decision-eco-friendly-bitcoin-etf)#BitcoinETF#CarbonCredit#SEC#Sustainability #CryptoRegulation