An Eco-friendly Bitcoin ETF Is Soon To Be Approved By The SEC

Nate Geraci, a recognized expert in the field of Bitcoin ETFs, recently expressed his optimism regarding the launch of an unusual fund proposed by Nexo, a major player in fintech. This fund, named Nexo 7RCC, combines investments in spot bitcoin and futures contracts on carbon credits, a first in the ETF sector.

Nexo 7RCC: An Intriguing Fund Under Review

The Nexo 7RCC is designed to track a portfolio made up of 80% bitcoin and 20% carbon credits. The carbon credits are linked to emission quotas approved by the relevant commissions of the European Union and California, in the United States. This unique combination aims to attract environmentally-conscious investors while capitalizing on the growing popularity of BTC.

Nate Geraci shared this news, highlighting that the S-1 form for the approval of this ETF has already been submitted to the SEC. He also mentioned that the preliminary 19b-4 approval form has already been validated, which bodes well for an imminent approval of this innovative fund.

Nexo’s initiative is part of a larger trend in sustainable finance, where investments seek to balance financial returns with positive environmental impact. By combining bitcoin and carbon credits, the Nexo 7RCC could offer an attractive solution for investors looking to diversify their portfolios while supporting ecological initiatives.

A New Breath for Bitcoin ETFs

This announcement comes at a time when Bitcoin ETFs recorded a record outflow of $671.9 million in a single day on December 19, 2024, marking the largest outflow ever seen for these financial instruments. Despite these challenges, the potential approval of the Nexo 7RCC might revitalize interest in Bitcoin ETFs, particularly those integrating ESG (environmental, social, and governance) criteria.

In summary, the Nexo 7RCC represents a significant advance in the field of Bitcoin ETFs by incorporating elements of sustainable finance. If this fund receives final approval from the SEC, it could pave the way for new investment opportunities combining blockchain technology and environmental responsibility.