Former SEC Chairman Jay Clayton, an adviser for asset manager One River, is now supporting filing a Bitcoin ETF for approval. The securities regulator,
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.”
Alan Howard-backed Crypto Hedge Fund One River Files for Carbon-Neutral Bitcoin ETF
May 25 2021 · 09:50 UTC | Updated
May 25 2021 · 11:39 by Bhushan Akolkar · 3 min read
Photo: Unsplash
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This will be the first-of-its-kind Bitcoin ETF that will acquire carbon credits against the Bitcoin use with each of the MCO2 tokens representing certified reductions in greenhouse emissions.
Although Bitcoin (BTC) has been trading under pressure over the last few weeks, hedge funds continue to show confidence in the digital asset. On Monday, May 24, digital asset hedge fund One River filed for a carbon-neutral Bitcoin ETF with the US Securities and Exchange Commission (SEC).
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.