According to a publicly submitted document, the U.S. Securities and Exchange Commission (SEC) announced that it will postpone its decision on the 7RCC spot Bitcoin and carbon credit futures ETF. The agency will decide whether to approve or disapprove the 7RCC spot Bitcoin and carbon credit futures ETF by June 24, 2024.
Based on past documents, the proposed fund plans to invest 80% of its assets in Bitcoin and 20% in “financial instruments, including swap agreements, that provide exposure to carbon credit futures represented by an index.”
