The United States Securities and Exchange Commission (SEC) has once again delayed a final decision on a proposed exchange-traded fund (ETF) that combines spot Bitcoin (BTC) and carbon-credit futures. The carbon-offset Bitcoin ETF, filed by Tidal Investments in December 2023, has been waiting on regulators since then.

The ETF, known as the 7RCC Spot Bitcoin and Carbon Credit Futures ETF, "seeks to provide exposure to Bitcoin with an environmentally responsible approach by offsetting carbon emissions." The fund is designed to track the performance of a portfolio comprised of 80% Bitcoin and 20% Carbon Credit Futures.

Bitcoin mining has come under scrutiny for its significant electricity consumption and potential environmental impact. The International Monetary Fund has reported that cryptocurrency mining, combined with data centers, accounts for approximately 1% of global greenhouse gas emissions. However, some research suggests that Bitcoin mining could potentially reduce methane emissions.

Source: https://cointelegraph.com/news/us-regulator-again-delays-decision-eco-friendly-bitcoin-etf

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