At a time when the carbon footprint of crypto mining is in the news, Wrapped has announced the first carbon-neutral, Bitcoin-backed asset. Called the Eco BTC (eBTC), the asset combines Bitcoin and MCO2 (MOSS.Earth Carbon Credits) of the industry-leading environmental platform Moss Earth in a sin
Former SEC Chairman Jay Clayton, an adviser for asset manager One River, is now supporting filing a Bitcoin ETF for approval. The securities regulator,
One River Files S-1 for Carbon Neutral Bitcoin Trust, ETF to Purchase Tokens Representing Carbon Credits
May 25, 2021 @ 2:58 pm By JD Alois
One River Digital Asset Management has filed a registration statement with the Securities and Exchange Commission for the
One River Carbon Neutral Bitcoin Trust.
According to the S-1 document, the seeks to be an ETF that trades on the New York Stock Exchange. The Trust’s goal is to track the performance of Bitcoin, as measured by the performance of the MVIS One River Carbon Neutral Bitcoin Index. The Index is designed to reflect the performance of Bitcoin in U.S. dollars on a “carbon-neutral basis.”
One River files for carbon-neutral Bitcoin ETF with help from former SEC chairman fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
May 24, 2021, 9:34AM EDT
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3 min read
One River, the digital asset hedge fund backed by billionaire investor Alan Howard, has officially filed to create bitcoin exchange-traded fund that incorporates the purchase of carbon credits in an effort to make the product carbon-neutral.
The firm s plans for the One River Carbon Neutral Bitcoin Trust were made public in April when it partnered with carbon credit platform MOSS. Bloomberg reported on One River s efforts earlier in April, with CEO Eric Peters telling the news outlet at the time that There’s a lot of talk about the carbon footprint,” Peters said. “We decided it’s time to stop talking and start doing something about it.