United States: SEC Considers Approval Of Carbon-Neutral Bitcoin ETF

On September 20, 2021, NYSE Arca, Inc. (the “Exchange”) filed a proposed rule change to list a Bitcoin trust that would be “carbon neutral.” The SEC extended its time to consider the application. The SEC is seeking comments on a list of questions in addition to comments addressing the sufficiency of the Exchange’s statements in support of its proposal.

The stated investment objective of the exchange-traded fund (“ETF”) is to track the performance of Bitcoin as measured by an index designed to reflect the performance of Bitcoin in U.S. dollars on a carbon-neutral basis. The ETF intends to offset the […]

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By Donato