7RCC’s Spot Bitcoin, Carbon Credit Futures ETF NYSE Listing Soon
7RCC Global is set to launch its environmentally conscious spot Bitcoin ETF in the US, following a 19b-4 form submitted by the New York Stock Exchange.
The ETF, which consists of 80% BTC holdings and 20% exposure to Carbon Credit Futures, mirrors daily fluctuations in Bitcoin’s price and the valuation of Carbon Credit Futures, as per the Vinter Bitcoin Carbon Credits Index.
The ETF will be managed by 7RCC, with Tidal Investments as its sponsor, Gemini as its custodian, and Wilmington Trust as its trustee.
The fee structure for the fund has not yet been revealed. The ETF is designed to provide investors with exposure to both crypto assets and carbon credits.
(With inputs from Shikha Singh)
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