November 20th, 2024 – New york
The SEC has approved the listing of 7RCC Bitcoin and Carbon Credit Futures ETF.
The U.S. Securities and Exchange Commission has approved the 19b-4 filing for the 7RCC Spot Bitcoin and Carbon Credit Futures exchange-traded fund. Vinter, now part of Kaiko, is proud to work with 7RCC as the benchmark provider for this new investment innovation.
The 7RCC Spot Bitcoin and Carbon Credit Futures ETF will be the first publicly traded cross-asset ETF in the U.S. Its introduction broadens the range of products available to investors, especially as Bitcoin-related ETFs are breaking volume and AUM records amidst soaring demand.
This new investment option merges ESG strategies with Bitcoin exposure, offering investors an opportunity to benefit from Bitcoin’s explosive growth while aligning with sustainability goals. The fund meets the rising demand for both assets.
The fund aims to track daily changes in the price of Bitcoin and the value of Carbon Credit Futures, based on the 7RCC Vinter Bitcoin Carbon Credit Index. The fund will consist of 80% Bitcoin and 20% Carbon Credit Futures, with Solactive providing calculations for the carbon credit component.
Vinter, a Kaiko company, administers and calculates the Bitcoin price for the fund. The daily price will be fixed at 4:00 PM New York time and based on the median price across select exchanges.
Carbon credit futures are financial instruments that represent a reduction in carbon emissions. Allocating part of the fund’s AUM to these instruments provides diversity for investors who may be reluctant to invest in Bitcoin due to the environmental impact of mining new coins.
This achievement highlights Kaiko’s expansion strategy. With the recent acquisition of Vinter, the combined Kaiko Indices positions as the sole leading and independent index provider in the crypto space.
About Kaiko
Founded in 2014, Kaiko is the leading provider of cryptocurrency market data, analytics and indices, offering businesses institutional-grade, regulatory-compliant solutions. Kaiko empowers market participants with global connectivity to real-time and historical data feeds across the world’s leading exchanges, driving the development of innovative indices and benchmarks for the digital assets industry.
About Vinter
Vinter’s indices power the largest number of crypto index ETPs in Europe. Founded in 2019, the firm aggregates data from hundreds of sources to create institutional-grade index products. Vinter’s indices transform digital asset data into transparent, BMR-regulated strategies used by firms in the US, EU, UK, and Switzerland.
