Fund Manager One River Files SEC Prospectus for Carbon Neutral Bitcoin ETF
On Monday, the crypto asset fund manager One River filed a unique bitcoin exchange-traded fund (ETF) registration with the U.S. Securities and Exchange Commission (SEC). According to the Form S-1 filed, One River wants to list a carbon-neutral bitcoin ETF on the New York Stock Exchange (NYSE).
One River’s Bitcoin ETF Aims to Provide a Fund That Offsets Carbon Emissions Associated With Bitcoin Mining
Carbon-neutral bitcoin mining has been a topical conversation these days within the cryptocurrency community. One River is taking bitcoin funds to a different level by registering for a carbon-neutral bitcoin ETF with its partner the carbon credit platform MOSS. The CEO of MOSS Luis Felipe Adaime detailed in April that the “MOSS Carbon Neutral Custody allows any institutional or corporate investor a means to offset the carbon emissions associated with crypto assets.”
Crypto s Carbon Emissions Addressed by One River and MOSS
MOSS Helps One River Digital Asset Management Create World s First Carbon-Neutral Crypto Asset Fund
GREENWICH, Connecticut and, SAO PAULO, April 20, 2021 /PRNewswire/ One River Digital Asset Management (ORDAM), one of the largest institutional crypto fund managers, and MOSS, the world s largest carbon credit platform, today announced plans to launch the world s first carbon-neutral crypto asset fund, enabling climate conscious investors the opportunity to benefit from exposure to Bitcoin and Ethereum while offsetting their carbon footprint.
Through the provable burning of MCO2 tokens (via UNISWAP), One River Digital Asset Management created the world s first carbon neural crypto asset offering. For every Bitcoin owned, ORDAM will buy and plant MCO2 tokens, offsetting estimated carbon emissions.