The Variety of Spot Bitcoin ETFs is Expanding
Wisdomtree, an asset manager, has joined others in updating its S-1 application for a spot Bitcoin ETF.
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Wisdomtree, an asset manager, has joined others in updating its S-1 application for a spot Bitcoin ETF.
Furthermore, a new player has entered
the field — the 7RCC Spot Bitcoin & Carbon Credit Futures ETF. This
particular spot ETF is comprised of 80% Bitcoin and 20% carbon credits.
7RCC focuses on investments related to the environment, social sphere,
and governance. According to their filings, the company plans to
nominate Gemini as the custodian for its Bitcoin holdings.
“The Fund offers a unique opportunity for investors to diversify their
portfolios, balancing the innovative nature of Bitcoin with the
progressive realm of Carbon Credit Futures. In doing so, the Fund
provides investors with an integrated single-trade approach to digital
assets and environmental sustainability,” as noted in Gemini's blog.
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