The United States Securities and Exchange Commission (SEC) has once again delayed a final decision on the listing of an exchange-traded fund (ETF) that combines spot Bitcoin (BTC) and carbon-credit futures. The ETF, proposed by Tidal Investments, aims to provide exposure to Bitcoin with an environmentally responsible approach by offsetting carbon emissions.

The SEC previously delayed a decision on the proposed ETF in May, and the new deadline for a final decision has been pushed to Nov. 21. The fund, known as the 7RCC Spot Bitcoin and Carbon Credit Futures ETF, was filed for registration in December 2023 and the initial 19b-4 request was made by NYSE Arca in March.

Bitcoin mining is known to consume significant amounts of electricity, which has raised concerns about its environmental impact. According to a report by the International Monetary Fund, cryptocurrency mining, including data centers, accounts for approximately 1% of global greenhouse gas emissions. The proposed ETF aims to mitigate this issue by investing in carbon credit futures, which can be used to offset the carbon footprint of Bitcoin mining.

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

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