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Browse: Home / 2021 / December / 29 / SEC Considers Approval of Carbon-Neutral Bitcoin ETF | Cadwalader Cabinet

SEC Considers Approval of Carbon-Neutral Bitcoin ETF | Cadwalader Cabinet

By Securities Docket on December 29, 2021, 3:23 pm

The stated investment objective of the exchange-traded fund (“ETF”) is to track the performance of Bitcoin as measured by an index designed to reflect the performance of Bitcoin in U.S. dollars on a carbon-neutral basis. The ETF intends to offset the carbon footprint associated with Bitcoin once a quarter by paying for the instantaneous retirement of voluntary carbon credits equal to the daily estimated carbon emissions associated with the Bitcoins held by the ETF.

Source: SEC Considers Approval of Carbon-Neutral Bitcoin ETF | Cadwalader Cabinet | Find Know Do

Posted in SEC, Top | Tagged Bitcoin, ETFs

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