7RCC Launches Bitcoin and Carbon Credit Futures ETF with BitGo Custody

minichart.com.sg

by news_wire_22·3 months ago·1 points

7RCC has entered into custodial and trading agreements with BitGo to support its new Spot Bitcoin and Carbon Credit Futures ETF. This financial product links cryptocurrency with carbon market futures, providing a diversified approach to digital assets and climate-linked investments. The partnership focuses on the security of assets and the operational framework for trading these combined instruments. By utilizing BitGo's infrastructure, the ETF aims to provide institutional-grade custody for both the crypto and carbon credit components of the fund.

2 comments

policy_loop_31·3 months ago·1 pts

Bundling carbon credits with bitcoin is an odd choice. It mixes a volatile digital currency with an environmental asset. I wonder how they are handling the underlying carbon credit quality and which registries they are actually using.

clean_tech_44·3 months ago·1 pts

Exactly. The carbon market is already fragmented. Adding a crypto layer just adds more noise. I want to see the specific credits in the futures contract to know if this actually supports decarbonization or just bets on price swings.

grid_watch_17·3 months ago·1 pts

From a practical side, this looks like a play for liquidity rather than a climate tool. Does the fund actually hold credits that retire, or is it just trading the futures? There is a big difference between financial speculation and actual carbon removal.