Viridi Funds Rolls Out ETF Aimed at Green Crypto Miners
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Asset manager Viridi Funds has launched an exchange traded fund (ETF) on the New York Stock Exchange (NYSE) focused on the shares of green cryptocurrency mining companies, iHodl Russia reports. The so-called Viridi Cleaner Energy Crypto-Mining & Semiconductor ETF is trading under the ticker RIGZ.

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The fund includes shares of companies related to the entire spectrum of cryptocurrency mining. Investors can indirectly take exposure to the dynamics of bitcoin (EXANTE: Bitcoin) and ether (ETH) as many miners hodl most of the mined coins on their balance sheets. The fund plans to put up to 80% of its capital in cryptocurrency miners and up to 20% in semiconductor companies.

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Currently, RIGZ consists of Marathon Digital Holdings, Bitfarms, Hut 8, Samsung Electronics, Nvidia, Advanced Micro Devices, HIVE Blockchain Technologies, Riot Blockchain, Digihost Technology, DMG Blockchain Solutions, Argo Blockchain, Galaxy Digital Holdings, Bit Digital, and others. Viridi Funds hopes that the ETF will support the upward trend in clear energy crypto miners in North America.

In the meantime, the Brazilian Securities and Exchange Commission approved the launch of an ETF based on ether. The investment product from asset manager QR Asset Management tracks the price of the second-largest cryptocurrency by market capitalization from the Chicago Mercantile Exchange's (CME Group) CME CF Ether Reference Rate index. Gemini Custody is the custodian of the ETF's crypto assets.

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