The Variety of Spot Bitcoin ETFs is Expanding

posted  19 Dec 2023
Photo - The Variety of Spot Bitcoin ETFs is Expanding
Wisdomtree, an asset manager, has joined others in updating its S-1 application for a spot Bitcoin ETF.

Furthermore, a new player has entered the field — the 7RCC Spot Bitcoin & Carbon Credit Futures ETF. This particular spot ETF is comprised of 80% Bitcoin and 20% carbon credits.
7RCC focuses on investments related to the environment, social sphere, and governance. According to their filings, the company plans to nominate Gemini as the custodian for its Bitcoin holdings.

“The Fund offers a unique opportunity for investors to diversify their portfolios, balancing the innovative nature of Bitcoin with the progressive realm of Carbon Credit Futures. In doing so, the Fund provides investors with an integrated single-trade approach to digital assets and environmental sustainability,” as noted in Gemini's blog.