Nexo 7RCC: An Intriguing Bitcoin ETF Combining BTC and Carbon Credits Under Review

Nate Geraci, a recognized expert in the field of Bitcoin ETFs, recently expressed his optimism regarding the launch of an unusual fund proposed by

A new Bitcoin ETF is in the works, and it has a unique twist: a portion of the fund will be invested in carbon credits.

The Nexo 7RCC ETF will track an index that is composed of 80% spot bitcoin and 20% carbon credits. The carbon credits will be linked to emission quotas that are approved by the relevant commissions of the European Union and California, in the United States.

This combination of bitcoin and carbon credits is a first for an ETF, and it aims to cater to environmentally-conscious investors.

The S-1 form for the approval of this ETF has already been submitted to the SEC, and the preliminary 19b-4 approval form has also been filed. This bodes well for an imminent approval of this innovative fund.

This initiative is part of a larger trend in sustainable finance, where investments seek to balance financial returns with positive environmental impact. By combining bitcoin and carbon credits, the Nexo 7RCC ETF could offer an attractive solution for investors looking to diversify their portfolios while supporting ecological initiatives.

Bitcoin ETFs saw a record outflow of $671.9 million in a single day on December 19, 2024, the largest outflows ever seen for these financial instruments. However, the potential approval of the Nexo 7RCC ETF might revitalize interest in Bitcoin ETFs, especially those integrating ESG (environmental, social, and governance) criteria.