Carbon Neutral Bitcoin Trust will offset emissions through the purchase and use of carbon credits.
Digital asset management company One River has filed an application with the US Securities and Exchange Commission (SEC) to create the world’s first green Bitcoin ETF Carbon Neutral Bitcoin Trust.
The Exchange Traded Fund will offset carbon emissions through the purchase and use of carbon credits. To this end, One River has partnered with Uruguayan company Moss Earth, which is supplying tokens that prove carbon savings.
One River has no plans to store bitcoins on its own. The company partners with the largest US cryptocurrency exchange Coinbase. One River’s advisor is former SEC chairman Jay Clayton, who served as chief regulator from 2017 to 2020.
Previously, companies such as Fidelity Investments , VanEck and others sent corresponding applications to the SEC . To date, the US Securities and Exchange Commission has not approved any cryptocurrency-based exchange-traded fund.
