US regulator again delays decision on eco-friendly Bitcoin ETF. The carbon-offset Bitcoin ETF has been waiting on regulators since December 2023. The United States Securities and Exchange Commission once again delayed a final decision on New York Stock Exchange (NYSE) Arca’s request to list an exchange-traded fund (ETF) combining spot Bitcoin and carbon-credit futures, according to a Sept. 4 filing. https://yakihonne.s3.ap-east-1.amazonaws.com/89f93336152fbe149c10445b7e780339e16f9ed7ceeb1596414c65c2779b7582/files/1725494113102-YAKIHONNES3.webp *Exchanges such as CME offer carbon emissions futures. Source: CME Group*
The proposed ETF is designed to track a portfolio that consists of 80% Bitcoin and 20% carbon credit futures. This structure aims to provide investors with exposure to Bitcoin while also addressing environmental concerns by offsetting carbon emissions associated with Bitcoin mining . The ETF's issuer, Tidal Investments, is targeting institutional investors who prioritize environmental, social, and governance (ESG) criteria in their investment strategies.