Bitcoin ETFs Are Growing in Popularity

On November 15, the SEC approved a rule change that allows 7RCC to trade its Bitcoin ETF$BTC and carbon credit futures. The decision comes nearly a year after 7RCC filed in December 2023. The application went through four revisions in a review process that began in March.

The fund plans to invest 80% of its assets in Bitcoin and 20% in financial instruments linked to carbon credit futures. These futures will be based on indices linked to environmental initiatives, including the European Union Emissions Trading Scheme, the California Carbon Credit, and the Greenhouse Gas Initiative. Carbon credit futures help manage regulatory risks and promote environmentally responsible investing. 7RCC announced that crypto exchange Gemini will act as a custodian.

The SEC approval came at the same time as the CFTC's Clearing and Risk Division announced that it will no longer oversee clearing for Bitcoin ETF options on the spot market. $PNUT $DOGE