The United States SEC has approved listing the eco-friendly 7RCC Bitcoin ETF on the NYSE Arca exchange, a move that aligns with recent progress from the CFTC, which has cleared the spot Bitcoin options trading path.
On November 15, the SEC approved a rule change allowing 7RCC to list and trade its Spot Bitcoin and Carbon Credit Futures ETF, following multiple amendments to its application over the past year.
The fund plans to allocate 80% of its assets to Bitcoin and 20% to financial instruments tied to Carbon Credit Futures, linked to environmental initiatives like the European Union Emissions Trading System and others.
The approval coincides with a CFTC announcement eliminating its oversight of spot Bitcoin ETF options clearing, now managed by the Options Clearing Corporation, marking progress toward the launch of these options.
These regulatory advances underline expanding opportunities for investing not only in cryptocurrency but also in sustainable markets, benefiting environmentally responsible investors and broader market participation.
