7RCC, an environmentally responsible investment company, has just filed with the Securities and Exchange Commission (SEC) for an ETF combining bitcoin spot and carbon credits. This financial product not only promises exposure to bitcoin volatility, but also integrates the crucial dimension of decarbonization in an environmental context.
Green Spot Bitcoin ETF
7RCC, a company whose main goal is to develop investment solutions for ecologically minded investorsfiled with the Securities and Exchange Commission (SEC) for an ETF composed of bitcoins and carbon credits.
According to their application, the ETF will be based on the Vinter Bitcoin Carbon Credits Index, it consists of 80% bitcoins and 20% futures contracts (futures) on carbon credits. This balance between the 2 assets allows for strong exposure to bitcoin volatility while integrating the decarbonization tool.
👉 Discover our study on Bitcoin (BTC) mining and its impact on the energy sector?
The initiative comes in the context of the climate emergency, where governments and organizations are taking action to reduce greenhouse gas emissions in order to reduce the impact of human activities on biodiversity.
7 The RCC explains in its application:
“The index is designed to track the performance of an investment in a portfolio composed of 80% bitcoin and 20% carbon credit futures linked to the value of emissions allowances issued under the following cap-and-trade regimes: the European Union Emissions Trading System, the California carbon allocation and the Regional Greenhouse Gas Initiative. »
total, this ETF allows Bitcoin investors to both diversify and contribute to environmental protectionbut also to attract those who hesitate to invest in BTC for fear of supporting polluting activities.
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Wouldn’t this ETF serve as “greenwashing”?
The term “greenwashing”, which can be translated into French as “eco-washing”, refers to practices used by some polluting companies to make their image greener without necessarily having any real impact on their greenhouse gas emissions or waste production.
For example, Volkswagen’s “Clean Diesel” campaign of 2000 is considered by many to be greenwashing. This campaign was intended to pass off diesel as a less polluting fuel than others, which was proven to be untrue a few years later.
👉 Also read in the news – Ethereum ETF: SEC postpones its decision until next May due to several requests
So is this ETF mixing Bitcoin and carbon credit a case of greenwashing? Many of our analyzes of Bitcoin’s environmental impact suggest not. Bitcoin mining is one of the greenest industries according to several characteristics.
Contrary to the image conveyed by certain media, BTC actually has a relatively low impact on the environment. More than 50% of the energy used in Bitcoin mining comes from renewable sourcesand is the only industry that can use certain energies produced in abundance and wasted by their producers.
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Source: Securities and Exchange Commission
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