The US is planning to launch the world's first hybrid ETF based on Bitcoin and carbon credits, which are quotas for greenhouse gas emissions.$XVG $PNUT $LPT
Nexo and 7RCC Global have filed an application with the US Securities and Exchange Commission to create a derivative called the Nexo 7RCC Spot Bitcoin and Carbon Credit Futures ETF. According to the fund's issuers, 80% of the capital invested in this investment instrument will be in BTC, and the remaining 20% will be in carbon credit futures, which allow CO2 emissions, for example, in Europe and the US state of California.
EUA Futures contracts for buying greenhouse gas quotas in the European Union have fallen 12% this year, and the market for these derivatives has been in a bearish trend for almost the last two years. Therefore, there are doubts about the fact that ETFs based on these futures will be actively invested in.#2024withBinance #2025Outlook #2024To2025