Nexo and 7RCC Global are pioneering a new approach to investing by introducing an ESG-focused Bitcoin exchange-traded fund (ETF).
This project is in line with the impressive market trajectory that has been observed on spot Bitcoin ETFs since their launch in January.
Nexo and 7RCC Offer an ESG Turnaround in Bitcoin Investing
On December 20, Nate Geraci, president of ETF Store, announced that Nexo and 7RCC Global filed an amended S-1 with the U.S. Securities and Exchange Commission (SEC) for the new fund — Nexo 7RCC Spot Bitcoin and Carbon Credit Futures ETF.
Geraci revealed that this ETF will diversify its portfolio by allocating 80% to Bitcoin and the remaining 20% to carbon credit futures. He emphasized that the ETF will focus on permitting emissions from existing emissions trading systems, including parts of the European Union, California and the Regional Emissions Initiative program.
Carbon credit futures are financial instruments traded based on the expected value of carbon credits. They provide mechanisms to address regulatory uncertainty while promoting environmentally sustainable investment practices. Geraci described the ETF as an “ESG version of the spot BTC ETF” and expressed optimism about regulatory approval.
“It is expected to launch soon. Essentially an ‘ESG’ version of a spot BTC ETF,” Geraci speak.
This initiative is not only a major step forward in integrating ESG principles into cryptocurrency investing, but also sets a new standard for financial instruments designed to combine profitability with social responsibility. and environment.
If approved, this ETF will join a robust market currently led by big names like BlackRock and Fidelity. Spot Bitcoin ETFs have attracted approximately $36 billion in net inflows since the beginning of the year, underscoring a dynamic investment landscape.
Going beyond the ETF, Nexo’s partnership with 7RCC Global also promises broad benefits for society, in line with the World Economic Forum’s Save the Planet initiative. Indeed, this partnership underscores their shared commitment to promoting progress that respects and protects the environment for future generations.
Kalin Metodiev, CFA, Co-Founder and Managing Partner at Nexo, emphasized the partnership’s dedication to lasting impact.
“Unlike 20 years ago, today’s generation is not just about making money; but also makes a difference. This strategic alliance is a demonstration of our commitment to sustainable solutions that benefit future generations,” Metodiev confirm.