Could Bitcoin Actually Be Carbon Neutral? This ETF Seems to Think So
June 3, 2021
With Bitcoin’s environmental impact increasingly scrutinized by investors, a plethora of companies are looking for energy-efficient alternatives.
One, River Digital Asset Management, LLC, is offering up a solution, having filed an S-1 with the SEC on May 24
th for the One River Carbon Neutral Bitcoin ETF, the first carbon-neutral cryptocurrency ETF to be put before the commission.
So How Is This ETF Carbon Neutral?
The One River Carbon Neutral Bitcoin ETF would hold physical Bitcoin and carbon credits and be priced via the MVIS One River Carbon Neutral Bitcoin Index, which uses spot Bitcoin prices volume-weighted from various top cryptocurrency exchanges, adjusted to reflect carbon credits necessary to neutralize the bitcoin’s carbon footprint.