Crypto asset manager 7RCC has applied for a position offer. Bitcoin exchange traded fundIt joins the ranks of major asset managers applying to the U.S. Securities and Exchange Commission to offer such ETFs.
In a proposed preliminary prospectus filed in S-1 on Monday. filing7RCC said the fund’s investment strategy is to hold a combination of Bitcoin and financial instruments to gain exposure to carbon credit futures. “The fund’s investment objective is to reflect daily movements in the price of Bitcoin and the value of carbon credit futures, represented by Vinter. Bitcoin BTC
+5.11%
7RCC, which specializes in environmental, social and governance investments, added in its filing that it plans to appoint Gemini as the fund’s Bitcoin custodian. Gemini said. name It said on Monday that the proposed ETF would allow investors to diversify their portfolios “while balancing the innovative nature of Bitcoin with the progressive realm of carbon credit futures.”
7RCC’s application follows recent applications submitted by leading asset managers, including: black stone, wisdom tree, Ark Invest and 21 Shares. On Monday, BlackRock updated its S-1 filing with the ticker name.
As of 1:15 PM Hong Kong time, the price of Bitcoin was trading at $42,911, up 4.4% over the past 24 hours. block data.
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