JUST IN: SEC Approves New ETF Featuring Spot Bitcoin
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Nov 15 2024SEC Approval: The U.S. SEC has approved the listing of the 7RCC Spot Bitcoin and Carbon Credit Futures ETF on NYSE Arca, allowing for trading to begin after a comprehensive review process that started in March 2024.
Investment Strategy: The ETF combines direct exposure to Bitcoin price movements with investments in carbon credit futures, aiming to provide both cryptocurrency investment opportunities and promote sustainability by offsetting Bitcoin mining's environmental impact.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
