One River Files To Offer Carbon Neutral Bitcoin ETF

Asset management firm One River has filed for regulatory approval to offer a bitcoin exchange-traded fund (ETF) that would be carbon neutral through the purchase of carbon credits.

The One River Carbon Neutral Bitcoin Trust, as the product would be called, will factor in adjustments to reflect the current spot prices of carbon credits needed to offset the “estimated carbon footprint attributable to each bitcoin,” per a filing with the U.S. Securities And Exchange Commission.

Through a partnership with Moss Earth, based in Uruguay, the trust would purchase MCO2 tokens which represent certified reductions in greenhouse gas emissions.



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