US SEC Extends Decision Time for Eco-Friendly Bitcoin ETF Listing to November 21st
Publication Time:2024-09-05 06:46:08
The US Securities and Exchange Commission (SEC) has once again adjusted the decision time for the listing of an eco-friendly Bitcoin ETF, extending it to November 21st. This decision pertains to the carbon offsetting Bitcoin ETF application submitted by NYSE Arca. The ETF aims to provide investment opportunities in Bitcoin while reducing carbon emissions, with its portfolio mainly comprising 80% Bitcoin and 20% carbon credit futures. Tidal Investments submitted the fund registration application in December 2023, while the specific ETF listing application was made by NYSE Arca in March. As global attention to the environmental impact of cryptocurrency mining continues to rise, this decision reflects the SEC's consideration of balancing environmental protection and technological innovation. Additionally, the SEC's decision affects the approval process for the Nasdaq OneSolution Crypto Portfolio ETF.
Bitcoin ETF
Eco-friendly Investment
Carbon Offsetting