7RCC’s Bitcoin ETF is an exchange-traded fund that includes 80% Bitcoin and 20% carbon credit futures. These are financial assets corresponding to the right to emit a certain quantity of greenhouse gases. This fund is aimed at investors who care about the environment and social governance, by reducing the ecological impact of their portfolio.
What is a Bitcoin ETF?
A Bitcoin ETF is a financial product allowing investors to access the Bitcoin market without having to directly own bitcoins. It therefore tracks the performance of the Bitcoin price, using a custodian who holds the underlying bitcoins.
Indeed, a Bitcoin ETF offers several advantages to investors. Are part of :
- ease of access,
- liquidity,
- transparency,
- Security,
- diversification
What is a carbon credit?
A carbon credit, for its part, is a financial asset which represents the right to emit one ton of carbon dioxide or the equivalent of another greenhouse gas.
Carbon credits are traded on:
- regulated markets, such as the European Union Emissions Trading System (EU ETS),
- voluntary markets.
They allow companies to offset their greenhouse gas emissions. To do this, carbon credits would need to be purchased from projects that reduce or avoid emissions.
How does the 7RCC Bitcoin ETF work?
7RCC’s Bitcoin ETF tracks Vinter Bitcoin Carbon Credits Index, which reflects both changes in the price of Bitcoin and the value of carbon credit futures. He holds 80% Bitcoin and 20% carbon credit futures.
L’7RCC Bitcoin ETF chose the crypto exchange Gemini as custodian of its bitcoins. Gemini is a company recognized for its commitment to sustainability. As proof, it launched a carbon neutrality program in 2023 to offset the emissions linked to its activity.
The 7RCC Bitcoin ETF therefore represents a unique financial product of its kind, which combines assets linked to Bitcoin and the carbon market. It is aimed at investors who want to benefit from the potential of Bitcoin, while taking into account the environmental and social impact of their investments.
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