nexo and 7RCC Global are innovating in the investment industry by introducing an ESG-focused Bitcoin exchange-traded fund (ETF).
This initiative is in line with the market trajectory observed in spot Bitcoin ETFs since their launch in January.
Nexo and 7RCC present an ESG approach to Bitcoin investing
On December 20, Nate Geraci, president of the ETF Store, announced that Nexo and 7RCC Global had submitted an S-1 amendment to the U.S. Securities and Exchange Commission (SEC) for a new fund — the Nexo 7RCC Spot Bitcoin and Carbon Credit Futures ETF.
Geraci revealed that this ETF would diversify its portfolio by allocating 80% to Bitcoin and the remaining 20% to Carbon Credit Futures. He highlighted that the ETF would focus on emissions allowances from established cap-and-trade systems, including those in the European Union, California, and under the Regional Greenhouse Gas Initiative.
Carbon credit futures are financial instruments that trade based on the projected value of carbon credits. They offer a mechanism to address regulatory uncertainty while promoting environmentally sustainable investment practices. Geraci described the ETF as an “ESG version of a spot BTC ETF” and expressed optimism about its regulatory approval.
“Expect this to launch soon. Basically an ‘ESG’ version of a spot BTC ETF,” Geraci said.
This initiative is not only a significant step forward in incorporating ESG principles into cryptocurrency investing, but also sets a new standard for financial instruments designed to combine profitability with environmental and social responsibility.
If approved, this ETF would enter a robust market currently led by giants such as BlackRock and Fidelity. Spot Bitcoin ETFs have already attracted around $36 billion in net inflows since the start of the year, highlighting the dynamic investment landscape.
Spot Bitcoin ETF flows in the US. Source: Farside
Nexo and 7RCC partnership: commitment to sustainable progress and social benefits
Nexo’s collaboration with 7RCC Global reinforces social benefits aligned with the World Economic Forum’s Safeguarding the Planet initiative. However, this partnership highlights a mutual commitment to fostering progress that respects and nurtures the environment for future generations.
Kalin Metodiev, CFA, co-founder and managing partner of Nexo, emphasized the partnership's dedication to lasting impact.
“Unlike 20 years ago, today’s generation is not just focused on making money; it’s focused on making a difference. This strategic alliance highlights our commitment to sustainable solutions that will benefit future generations,” Metodiev said.
The article Nexo 7RCC files for first Bitcoin futures ETF appeared first on BeInCrypto.
