Nexo 7RCC ETF to Launch Soon with 80% Bitcoin, 20% Carbon Credit Futures; SEC Approved 19b-4

Dec 21, 2024, 03:17 AM

Asset managers are increasingly focusing on the development of exchange-traded funds (ETFs) that incorporate smaller cryptocurrencies, with the latest initiative being the Nexo 7RCC Spot Bitcoin and Carbon Credit Futures ETF. This ETF, which has recently filed an amended S-1, is designed to hold 80% Bitcoin and 20% carbon credit futures, aligning with environmental, social, and governance (ESG) principles. The U.S. Securities and Exchange Commission (SEC) has already approved the necessary regulatory framework for this ETF, and it is expected to launch soon. This innovative financial product aims to attract next-generation investors by blending the volatility of Bitcoin with the stability offered by carbon credits.