This Asset Manager Just Joined the Bitcoin Spot ETF Race, But There’s a Catch7RCC Global, an asset management firm focused on environmental, social, and governance (ESG) investing, has joined the race for a Bitcoin spot exchange-traded fund (ETF) in the United States.

According to a Form S-1 filing with the U.S. Securities and Exchange Commission (SEC), the 7RCC Spot Bitcoin and Carbon Credit Futures ETF will provide ESG investors access to the digital asset and blockchain technology.

A New Bitcoin Spot ETF Applicant
7RCC’s ETF is one of a kind in that it will hold a combination of 80% BTC, and the remaining 20% will obtain exposure to Carbon Credit Futures, unlike other spot Bitcoin ETFs on the SEC’s desk. The product is designed to reflect the daily changes in BTC’s price and the value of Carbon Credit Futures, as represented by the Vinter Bitcoin Carbon Credits Index.#ContentStar #HotTopicDiscussion #HotColumn #GateLive #Gate post Highlights