SEC delays decision on 7RCC Spot Bitcoin and Carbon Credit Futures ETF
SEC postpones decision on 7RCC Spot Bitcoin and Carbon Credit Futures ETF to June 24, 2024. The ETF plans to invest 80% in Bitcoin and 20% in Carbon Credit Futures-linked financial instruments. Gemini has been named custodian for the ETF. The United States Securities and Exchange Commission (SEC) has announced a delay in its decision regarding the 7RCC Spot Bitcoin and Carbon Credit Futures ETF, a proposed exchange-traded fund focused on carbon credit futures contracts and Bitcoin (BTC). The delay was announced in a filing made on Thursday and it extends the timeline for the U.S. SEC to evaluate the proposed exchange-traded fund until June 24, 2024. During the extended timeline, the SEC aims to thoroughly review the proposal before making a final determination, citing the need for sufficient time to consider the potential impacts of the proposed rule change. The 7RCC Spot Bitcoin and Carbon Credit Futures ETF The 7RCC Spot Bitcoin and Carbon Credit Fut...