The U.S. SEC once again postpones the decision on the listing application of Environmental Bitcoin ETF
The U.S. Securities and Exchange Commission (SEC) has once again postponed its final decision on the listing application of the Carbon Offset Bitcoin ETF by NYSE Arca. According to a document dated September 4, the new deadline for the decision has been extended to November 21. The ETF aims to provide bitcoin investment exposure in an environmentally friendly way by offsetting carbon emissions, tracking a portfolio composed of 80% bitcoin and 20% carbon credit futures. Tidal Investments submitted its fund registration application in December 2023, while NYSE Arca submitted its preliminary application in March. Concerns have been raised about the environmental impact of Bitcoin mining, with a report from the International Monetary Fund (IMF) indicating that cryptocurrency mining accounts for 1% of global greenhouse gas emissions. The delay also includes postponing approval for Nasdaq's one-stop crypto investment portfolio ETF.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
OpenAI is expected to burn over $278 billion in cash by 2030, with a revenue target of $350 billion over the same period.
OpenAI is expected to generate up to $278 billion in negative free cash flow over the next five years, driven solely by computing power and infrastructure, with cumulative spending projected to reach approximately $856 billion by 2030. The company anticipates revenue of $350 billion in 2030 and $36 billion in 2026, with total revenue from 2026 to 2030 amounting to around $840 billion.
Garrett Jin's ZEC short position has an unrealized loss of $33.422 million.
Big iron ore miners deplete reserves faster than they replace
Crypto prices
More
