SEC Approves 7RCC Bitcoin ETF With Carbon Credit Balance
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Nov 16 2024SEC Approval of 7RCC ETF: The SEC has approved the 7RCC Spot Bitcoin and Carbon Credit Futures ETF for trading on NYSE Arca, allocating 80% to Bitcoin and 20% to carbon credit futures, marking a significant step in hybrid financial instruments.
Investment Strategy: The ETF aims to attract environmentally conscious investors by combining cryptocurrency investments with carbon offset mechanisms, while also undergoing extensive review to meet SEC requirements.
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.
