Bitcoin ETF with Environmental Neutrality

One River, an asset management firm in the US, applied for approval a new Bitcoin ETF, which will be considered as carbon neutral, as along with other investments, it will purchase carbon credits.

The ETF called “One River Carbon Neutral Bitcoin Trust” will purchase carbon credits on spot prices, to offset any action in the Bitcoin network that could be harmful for the environment, especially in mining.

Indeed, the carbon credits purchase will become through another blockchain platform, Verra Registry.

Many asset management firms have applied for different Bitcoin ETFs in the US SEC but none of them has been approved. In parallel, we observe several moves from the community to reverse Elon Musk’s words about Bitcoin’s environmental impact and the confusion in the market.