Small ESG-Focused Crypto Asset Manager Joins the Bitcoin ETF Race – Better Late Than Never!

Small ESG-Centric Crypto Investment Firm Joins Crowded Field Vying for Bitcoin ETF Approval

Picture this: a small crypto asset manager, 7RCC, boldly stepping into the ring to join the race for a spot-bitcoin exchange traded fund (ETF). They may be late to the party, but hey, better late than never, right? In a filing with the Securities and Exchange Commission (SEC), 7RCC revealed their ambitious plans to bring crypto and blockchain-related assets to the world of ESG-conscious investing.

Now, you might be asking yourself, “What took them so long?” Well, according to the CEO, Rali Perduhova, they were just waiting for the perfect moment. They wanted to make a grand entrance, armed with the right infrastructure and a cunning plan. Unfortunately, their timing was a little off, but hey, at least they’re here now, ready to stake their claim.

So, what sets 7RCC apart from the pack? Get this – their crypto ETF will be 80% bitcoin, paired with a delightful side dish of carbon credits futures. It’s like offering a mouthwatering combo meal that satisfies both your hunger for innovation and your appetite for environmental sustainability. And who’s holding this scrumptious feast of digital and eco-conscious assets? None other than the renowned Gemini exchange, faithfully guarding those precious bitcoins.

Now, don’t go thinking that 7RCC has spilled all the beans. The filing conveniently forgets to mention who will be the custodian for their cash and equivalent assets. It’s like a secret sauce that adds a mysterious, tantalizing flavor to their already compelling proposition.

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But wait, there’s more! In a press release, Gemini proudly states that the ETF will allow investors to find the perfect equilibrium between the cutting-edge world of Bitcoin and the forward-thinking realm of Carbon Credit Futures. They’re bringing together these two diverse forces, giving investors an all-in-one ticket to the thrilling world of digital assets and environmental sustainability. It’s like having a front-row seat to a dazzling show that promises both profits and planet-saving superpowers.

And here’s the juicy part – whispers are flying through the grapevine that the SEC might actually give the green light and approve a spot bitcoin ETF in the near future. Can you imagine the excitement? It’s like waiting for your favorite superhero to swoop in and save the day. The regulators are showing more interest, engaging with hopeful issuers, and even facing court rulings that ask them to reconsider their past rejections. The stars are aligning, my fellow digital asset enthusiasts!

So buckle up, dear readers, because the race for the spot bitcoin ETF just got even more interesting. With 7RCC boldly joining the fray, there’s no telling what twists and turns lie ahead. Keep your eyes peeled and your wallets at the ready – it’s going to be an electrifying ride!

Edited by Nikhilesh De.

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Hey there, savvy investors! What do you think about 7RCC’s audacious entry into the spot bitcoin ETF race? Are they fashionably late or fashionably early? I’d love to hear your thoughts and predictions. Let’s keep the conversation going and continue exploring the fascinating world of digital assets together. Stay tuned for more thrilling updates!

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