Save a Tree, Buy Some Bitcoin

TL;DR

• 7RCC wants to launch the first ‘environmentally conscious’ spot Bitcoin ETF which will comprise 80% Bitcoin and 20% carbon credit futures.

• This seems like a (smart) marketing tool to help 7RCC attract the environmentally conscious investor, while simultaneously helping offset Bitcoin's carbon footprint.

Full Story

If you want to be trendy, you need to add a little pizzazz to what you're doing.

(You'll also want to avoid using the words 'trendy' and 'pizzazz' - but we're personally too far gone to do that at this point).

Like, for example: spot ETFs are currently all the rage.

And companies keep announcing why theirs will be great, and what these ETFs will do for the crypto landscape.

Welp!! We have a new angle for you from the crypto firm '7RCC.'

And it's quite a juxtaposition.

Here’s what's new:

7RCC wants to launch the first ‘environmentally conscious’ spot Bitcoin ETF.

Which may sound like a contradiction, because Bitcoin doesn't have much of a reputation for being green, but...

7RCC, just filed for this spot ETF, named "7RCC Bitcoin and Carbon Credit Futures ETF."

It will comprise 80% Bitcoin and 20% carbon credit futures.

(A 'future' is an agreement to either buy or sell an asset at a predetermined future date and price - basically a bet on the future price of something).

Which is kind of like 7RCC's way of saying:

"Sure, Bitcoin is energy intensive, but look at all the carbon credits we're buying - v Earth conscious, no?"

Helping them to attract the environmentally conscious investor, while simultaneously helping offset Bitcoin's carbon footprint.

Hopefully this solution is just a stopgap between now and a point in the near future, when the majority of miners have transitioned to renewable energy.

Until then, this ain't a bad option to have!