In the USA, Bitcoin and Carbon Credits Will Become Part of One ETF

The USA plans to launch the world's first hybrid ETF based on Bitcoin and carbon credits - quotas for greenhouse gas emissions.

Companies Nexo and 7RCC Global have submitted an application to the U.S. Securities and Exchange Commission to create a derivative called 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, while the remaining 20% will be futures on carbon credits that allow CO2 emissions, for example, in Europe and the U.S. state of California.

Futures for purchasing greenhouse gas emission quotas in the EU have decreased by 12% this year, and a bearish trend has dominated the market for these derivatives for almost the last two years. Therefore, there are doubts that there will be active investment in ETFs based on these futures.