The United States Securities and Exchange Commission (SEC) has extended the review period on 7RCC's carbon-neutral spot Bitcoin exchange-traded fund (ETF) listing. According to a May 2 announcement, the Commission will make its decision to approve or deny NYSE Arca's application on June 24, 2024. The initial deadline was set as May 10, 2024.

This fund aims to provide investors with exposure to Bitcoin (BTC) and mitigate the digital asset's carbon footprint with carbon credits. According to 7RCC's filing with the regulator, the Bitcoin ETF will track daily fluctuations in the price of the cryptocurrency and carbon credit futures based on the Vinter Bitcoin Carbon Credits Index. Crypto exchange Gemini will be the custodian of the Bitcoin fund.

The next target for investment managers is options trading on spot Bitcoin ETFs. Since January, the Commission has been postponing a decision on applications submitted by the New York Stock Exchange, Nasdaq and Cboe Global Markets. We are waiting your comments.#blockchain#bitcoin #ETF