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Bitcoin Mania Is Relentless With ETF Upstart Touting Carbon Credits

From bnnbloomberg.ca

An ETF startup is trying to launch a Bitcoin fund, but with what looks to be an environmentally friendly twist amid continued scrutiny the industry faces around its potentially harmful impacts. Miami-based 7RCC Global Inc., in its first-ever application, proposes to bring to market a fund that would have roughly 80% of its assets invested in Bitcoin and the rest in carbon-credit futures, which are issued with the hope of reducing greenhouse gases over time, according to the filing. “If someone wants Bitcoin exposure and is worried about the energy usage, this could give cover for those investors in an easy-to-access ... (full story)

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  • Category: Fundamental Analysis