{"id":813991,"date":"2024-12-23T00:13:28","date_gmt":"2024-12-23T06:13:28","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2024\/12\/23\/nexo-7rcc-files-for-worlds-first-bitcoin-and-carbon-credit-futures-etf\/"},"modified":"2024-12-23T00:13:28","modified_gmt":"2024-12-23T06:13:28","slug":"nexo-7rcc-files-for-worlds-first-bitcoin-and-carbon-credit-futures-etf","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2024\/12\/23\/nexo-7rcc-files-for-worlds-first-bitcoin-and-carbon-credit-futures-etf\/","title":{"rendered":"Nexo 7RCC Files for World\u2019s First Bitcoin and Carbon Credit Futures ETF"},"content":{"rendered":"
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Nexo and 7RCC Global are pioneering a novel approach in the investment sphere by introducing an ESG-centric Bitcoin exchange-traded fund (ETF).<\/strong><\/p>\n

This venture aligns with the impressive market trajectory observed in spot Bitcoin ETFs since their January debut.<\/p>\n

Nexo and 7RCC Present an ESG Twist on Bitcoin Investment<\/h2>\n

On December 20, Nate Geraci, president of the ETF Store, announced that Nexo and 7RCC Global had submitted an S-1 amendment to the US Securities and Exchange Commission (SEC) for a new fund \u2014 the Nexo 7RCC Spot Bitcoin and Carbon Credit Futures ETF.<\/a><\/p>\n

Geraci revealed that this ETF would diversify its portfolio by allocating 80% to Bitcoin and the remaining 20% to Carbon Credit Futures<\/a>. 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.<\/p>\n

Carbon credit futures are financial instruments traded based on the projected value of carbon credits. They provide a mechanism to handle regulatory uncertainties while fostering environmentally sustainable investment practices. Geraci described the ETF as an \u201cESG version of a spot BTC ETF<\/a>\u201d and expressed optimism about its regulatory approval.<\/p>\n

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\u201cExpect this to launch soon. Basically an \u2018ESG\u2019 version of spot BTC ETF,\u201d Geraci said<\/a>.<\/p>\n<\/blockquote>\n

This initiative is not just a significant advancement in embedding ESG principles within cryptocurrency investment but also sets a new benchmark for financial instruments<\/a> designed to marry profitability with environmental and social responsibility.<\/p>\n

If approved, this ETF will enter a robust market currently led by heavyweights like BlackRock<\/a> and Fidelity. Spot Bitcoin ETFs have already attracted about $36 billion<\/a> in net inflows since the start of the year, underscoring the dynamic investment landscape.<\/p>\n

\"US
US Spot Bitcoin ETFs Flows. Source: Farside<\/a><\/figcaption><\/figure>\n

Beyond the ETF, Nexo\u2019s <\/a>collaboration with 7RCC Global also promises broader societal benefits, aligning with the World Economic Forum\u2019s Safeguarding the Planet initiative. Indeed, this partnership underscores a mutual commitment to fostering progress that respects and nurtures the environment for future generations.<\/p>\n

Kalin Metodiev, CFA, Co-founder and Managing Partner at Nexo, emphasized the partnership\u2019s dedication to lasting impact. <\/p>\n

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\u201cUnlike 20 years ago, today\u2019s generation is not just about making money; it\u2019s about making a difference. This strategic alliance highlights our commitment to sustainable solutions that will benefit future generations,\u201d Metodiev stated<\/a>.<\/p>\n<\/blockquote>\n

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Disclaimer<\/p>\n

In adherence to the Trust Project<\/a> guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our\u00a0Terms and Conditions<\/a>,\u00a0Privacy Policy<\/a>, and\u00a0Disclaimers<\/a>\u00a0have been updated.<\/p>\n<\/div><\/div>\n

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\"Oluwapelumi-Adejumo.png\"\n <\/p>\n

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\n\t\t\t\t\t\tOluwapelumi Adejumo is a journalist at BeInCrypto, where he reports on a broad range of topics including Bitcoin, crypto exchange-traded funds (ETFs), market trends, regulatory shifts, technological advancements in digital assets, decentralized finance (DeFi), blockchain scalability, and the tokenomics of emerging altcoins. With over three years of experience in the industry, his works have been featured in major crypto media outlets such as CryptoSlate, Coinspeaker, FXEmpire, and Bitcoin…\n\t\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>\n

\n\t\t\tOluwapelumi Adejumo is a journalist at BeInCrypto, where he reports on a broad range of topics including Bitcoin, crypto exchange-traded funds (ETFs), market trends, regulatory shifts, technological advancements in digital assets, decentralized finance (DeFi), blockchain scalability, and the tokenomics of emerging altcoins. With over three years of experience in the industry, his works have been featured in major crypto media outlets such as CryptoSlate, Coinspeaker, FXEmpire, and Bitcoin…\n\t\t<\/p>\n

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\n Oluwapelumi Adejumo<\/p>\n","protected":false},"excerpt":{"rendered":"

Nexo and 7RCC Global are pioneering a novel approach in the investment sphere by introducing an ESG-centric Bitcoin exchange-traded fund (ETF). This venture aligns with the impressive market trajectory observed in spot Bitcoin ETFs since their January debut. Nexo and 7RCC Present an ESG Twist on Bitcoin Investment On December 20, Nate Geraci, president of<\/p>\n","protected":false},"author":1,"featured_media":813992,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1474,1329],"tags":[],"class_list":{"0":"post-813991","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-files","8":"category-worlds"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/813991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=813991"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/813991\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/813992"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=813991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=813991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=813991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}