SEC Delays Decision on 7RCC’s Spot Bitcoin and Carbon Credit Futures ETF
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Sep 05 2024SEC Delays Decision: The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the 7RCC Spot Bitcoin ETF until November 21, 2024, citing the need for more time to evaluate the proposal and public comments received.
Unique ETF Structure: The 7RCC ETF aims to allocate 80% of its assets to Bitcoin and 20% to carbon credit futures, combining cryptocurrency investment with sustainability, which could attract environmentally conscious investors if approved.
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.
