US Securities and Exchange Commission (SEC), 7RCC Spot on the NYSE Arca exchange Bitcoin and granted accelerated approval for the listing and trading of the Carbon Credit Futures ETF.
The decision became final on November 15, 2024, after a long review process and crypto para It has paved the way for a new financial product that combines its exposure with a focus on sustainability.
Filed for trust units under NYSE Arca Rule 8.500-E, the ETF first entered the SEC’s review pipeline on March 13, 2024. The proposal has gone through numerous changes and extensive evaluation, reflecting the complexity and innovation of combining spot Bitcoin assets with carbon credit futures.
Following public comments and regulatory review, the SEC approved the fourth amendment to the proposal. This version improved the ETF’s operational framework, ensuring compliance with existing securities laws while addressing potential market and investor risks.
7RCC ETF offers an investment strategy with a dual focus:
Spot Bitcoin Exposure: Direct access to Bitcoin price movements will enable investors to benefit from the cryptocurrency’s growing mainstream adoption.
Carbon Credit Futures: Investments in carbon credit futures aim to offset the environmental impact of Bitcoin mining and align the product with sustainability goals.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/sicak-gelisme-sec-spot-bitcoin-iceren-yeni-etfyi-onayladi/
