Nexo and 7RCC unveil ESG-focused Bitcoin ETF proposal

Nexo and 7RCC Global are pioneering a new approach in the investment sphere by introducing an ESG-centric Bitcoin Exchange-Traded Fund (ETF).

This venture coincides with the impressive market conditions seen in spot Bitcoin ETFs since early January.

Nexo and 7RCC present an ESG twist on Bitcoin investment

On December 20, ETF Store President Nate Geraci announced that Nexo and 7RCC Global had filed an S-1 amendment with the US Securities and Exchange Commission (SEC) for a new fund – the Nexo 7RCC Spot Bitcoin and Carbon Credit Futures ETF.

Geraci explained that this ETF will optimize its portfolio by allocating 80% to Bitcoin and the remaining 20% ​​to carbon credit futures. He noted that the ETF will focus on emissions allowances from established cap-and-trade systems, including those under the European Union, California and regional Greenhouse Gas Initiatives.

Carbon credit futures are financial instruments traded based on the projected value of carbon credits. They provide a means to manage regulatory uncertainty by developing environmentally sustainable investment practices. Geraci described the ETF as an “ESG version of a spot BTC ETF” and expressed optimism about regulatory approval.

“Expect this to start soon. Basically the ‘ESG' version of the Spot BTC ETF,” Geraci said.

This initiative is not only a major step forward in incorporating ESG principles into cryptocurrency investing, but also sets a new standard for financial instruments designed to marry profitability with environmental and social responsibility.

If approved, this ETF will enter a strong market currently dominated by heavyweights such as BlackRock and Fidelity. Spot Bitcoin ETFs have attracted nearly $36 billion in net inflows since the start of the year, highlighting the dynamic investment landscape.

Beyond the EFF, Nexo's partnership with 7RCC Global aligns with the World Economic Forum's Protect the Planet initiative and promises to deliver wider societal benefits. Indeed, this partnership represents a shared commitment to promoting development that respects and preserves the environment for future generations.

Kalin Metodiev, CFA, co-founder and managing partner at Nexo, emphasized the partnership's commitment to sustainable impact.

“Unlike 20 years ago, today's generation is not just about making money; . It's about making a difference. This strategic alliance underscores our commitment to finding sustainable solutions that will benefit future generations,” said Metodiev.