Yet another fund issuer wants to offer a spot bitcoin ETF — with a twist, in what appears to be an attempt to differentiate from a crowded field of would-be competitors.
The proposed fund could resonate with those aware of the environmental impact of bitcoin mining, segment observers told Blockworks, but offers exposure that has recently lacked investor interest and good returns.
Tidal Investments, in partnership with alternative investment manager 7RCC, seeks to launch a spot bitcoin ETF that would also hold carbon credit futures contracts, according to a Monday filing.
The proposed offering would develop a portfolio comprised of about 80% bitcoin and 20% carbon credit futures….
Read more on Blockworks