Claim $5007RCC Files First ESG-Focused Spot Bitcoin ETF With Gemini As Custodian
7RCC Global, a firm providing ESG investors with access to blockchain and digital asset investments through ETFs, has filed a spot Bitcoin ETF application with carbon credits with the U.S. Securities and Exchange Commission (SEC). It will hold 80% Bitcoin and 20% carbon credits futures, becoming the first with environmental-focused offering.
7RCC Spot Bitcoin ETF With Carbon Credits
ESG-focused asset management firm 7RCC Global has filed the 7RCC Spot Bitcoin and Carbon Credit Futures ETF, a filing with the SEC shows. The new spot Bitcoin ETF will track the performance of investing in a portfolio comprised of 80% of Bitcoin and 20% Carbon Credit Futures.
7RCC is the latest applicant to join the race for a spot Bitcoin ETF approval with a unique environmental-focused offering. BlackRock, Fidelity, Ark Invest, and others are already ahead in the race to approve a spot Bitcoin ETF in the US and provide investors with a secure way to invest in Bitcoin.
Tidal Financial Group has partnered with 7RCC to serve as the platform facilitating the creation, operation, and growth of the ETF. Moreover, Gemini is the custodian for 7RCC Spot Bitcoin and Carbon Credit Futures ETF.
Gemini said partnering with fund issuers and supporting their work flows with the approval of a spot bitcoin ETF in the US is crucial for the firm.
Also Read: Ripple, Coinbase, Kraken Raises $78M To Elect Pro-Crypto Candidates
Spot Bitcoin ETF Near Issuance
Nate Geraci, host of ETF Prime podcast, asserts it is only a matter of time before we got an “ESG” bitcoin ETF. He also believes that “We’re gonna see all types of permutations on spot bitcoin ETFs.”
Meanwhile, Ark 21Shares, BlackRock, and WisdomTree have updated their spot Bitcoin ETF filing with cash creates in focus. The decision to prioritize cash creations in the S-1 amendment is interpreted as a positive sign for approval. ETF experts are also speculating an approval in the next three days.
Also Read: Binance and CFTC Reach a $1.35 Billion Settlement, CZ to Pay $150 Million
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Trump Media Invests $40M in Bitcoin as Incoming CFTC Chair Signals Crypto Clarity Act Push in January
- Aave DAO Saga Deepens as Alignment Proposal Moves to Snapshot; AAVE Price Down 7%
- Fed’s Stephen Miran Urges More Rate Cuts In 2026 To Avoid U.S. Recession
- Breaking: $4T JPMorgan Explores Crypto Trading for Institutional Clients as U.S. Banks Embrace Crypto
- Bitcoin and Ethereum ETPs See $1B in Outflows as Institutions Rotate into XRP
- Bitcoin Price Prediction As Michael Saylor Pauses BTC Purchase- Is A Fall to $74k Imminent?
- Aster launched Phase 5 Buyback Program Allocating 80% Fees. Will ASTER Price Rally?
- XRP Price Prediction: Rare Bullish Patterns Align With Powerful Catalysts
- Weekly Crypto Price Prediction: Bitcoin, Ethereum, and XRP as Market Momentum Builds
- Will Solana Price Hit $150 as Mangocueticals Partners With Cube Group on $100M SOL Treasury?
- SUI Price Forecast After Bitwise Filed for SUI ETF With U.S. SEC – Is $3 Next?
