A unique Bitcoin and Carbon Credits Futures ETF S-1 proposal has been filed with the US Securities and Exchange Commission by fintech heavyweight Nexo. Nate Geraci, a leading cryptocurrency ETF expert, is bullish on its prospects.

Nate Geraci says the Spot Bitcoin ETF, an ESG version, is nearing approval

Nexo 7RCC, the first exchange-traded fund based on bitcoin futures and carbon credit futures, may soon be approved by the Securities and Exchange Commission. Its would-be issuer has filed a Form S-1 with the US watchdog, and Nate Geraci of ETF Shop shared it with his 53,000 followers on X.

The ETF is exactly “what its name suggests” as it tracks a combined portfolio made up of 80% Bitcoin (BTC) and 20% carbon futures credits. In this case, carbon credits are linked to emission allowances approved by the relevant committees in the European Union and California in the United States

Geraci noted that a preliminary approval form 19b-4 has already been approved for this ETF. As such, I wouldn't be surprised when an "ESG version" of the spot Bitcoin ETF launches.

As previously covered by U.Today, major cryptocurrency lender Nexo is rebranding as a wealth management service for ultra-high net worth individuals in Q4 2024.

Announced at Bitcoin White Paper Day 2024, Nexo's rebrand is set to provide cryptocurrency-focused wealth management solutions to the TradFi sector.

Bitcoin exchange-traded funds record largest outflow in six weeks as Bitcoin falls below $92,500.

In November 2024, the platform announced the first ever blockchain-based platform Accounts in US dollars To simplify liquidity migration from Web2.

Meanwhile, after a multi-week rally, US-based Bitcoin ETFs are catching their breath. Total assets under management for all products in this category is bleeding for the third day in a row. like Proven By Bitbo The latest daily inflow of $400 million is the most painful since November 5.

On December 17, 2024, spot Bitcoin ETFs set a record high for assets under management at approximately $120 billion. As of press time, this measure stands at $111 billion.