The U.S. SEC has extended its review period on a rule change that would allow the listing of 7RCC’s Spot Bitcoin and Carbon Credit Futures ETF to June 24, 2024.
The United States Securities and Exchange Commission (SEC) has prolonged its review period on the listing of 7RCC’s carbon-neutral spot Bitcoin exchange-traded fund (ETF).
According to a May 2 notice, the Commission will now finalize its approval or disapproval of the NYSE Arca’s application by June 24, 2024. The first deadline was set for May 10, 2024.
The fund is designed to expose investors to Bitcoin (BTC) alongside carbon credits, mitigating the digital asset's carbon footprint.
