The SEC yesterday again deferred its final decision on the approval of the listing of an ETF on NYSE Arca.
The proposed ETF would combine spot Bitcoin and carbon credit futures.
The SEC had already postponed its decision in May, and the new deadline for a final decision is now Nov. 21. The ETF's issuer, Tidal Investments, had filed for the fund's S-1 registration in December 2023, and NYSE Arca filed its initial 19b-4 filing in March.
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Called the 7RCC Spot Bitcoin and Carbon Credit Futures ETF, the fund aims to provide exposure to Bitcoin with an environmentally responsible approach by offsetting carbon emissions.
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The fund's March filing states it will track the performance of a portfolio comprised of 80% Bitcoin and 20% carbon credit futures.