7RCC Applies To Offer Bitcoin ETF
7RCC, a crypto asset manager, has applied to offer a spot bitcoin exchange-traded fund, joining other major asset managers in the US Securities and Exchange Commission’s (SEC) application process.
The fund aims to hold a combination of bitcoin and financial instruments to gain exposure to Carbon Credit Futures.
The Vinter Bitcoin BTC +4.63% Carbon Credits Index is designed to track the performance of investing in a portfolio consisting of 80% bitcoin and 20% Carbon Credit Futures.
This follows recent applications by major asset managers like BlackRock, WisdomTree, Ark Invest, and 21Shares.
(With inputs from Shikha Singh)
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