Categories: Bitcoin

Hashdex is launching a Bitcoin ETF with the goal of Zero Carbon

The Brazilian-based asset manager Hashdex will launch a purely Bitcoin-based Exchange Traded Fund (ETF) that is said to be climate-neutral.

The ETF will use a portion of the management fees to buy carbon credits and offset the carbon produced by BTC.

The product will be listed on Brazil’s B3 stock exchange starting August 4th, said Roberta Antunes, chief development officer at Hashdex. Investors have until July 30th to secure their investment shares in the Hashdex Nasdaq Bitcoin Reference Price Index Fund (BITH11).

“We understand that Bitcoin can go a long way in promoting clean energy around the world. We want to be one step ahead of this development and offer investors a product that stimulates the sustainable potential of the asset. “

Roberta Antunes, Head of Development at Hashdex

According to Hashdex, CCRI will publish annual reports that include calculations and estimates of energy use and CO2 emissions related to the mining of all bitcoins received from BITH11.

Based on the calculations, the ETF will reduce its carbon footprint and try to invest in environmentally friendly stocks. Antunes added that Hashdex will count on the support of CCRI in selecting potential partners and projects to reduce environmental impact in Brazil and around the world.

XP, Itaú BBA and Banco Genial will be coordinators of the new ETF offering, according to Hashdex.

Annie

According to Coindesk

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