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New Brazilian Bitcoin ETF Aims to Go Carbon Neutral By CoinTelegraph





New Brazilian Bitcoin ETF wants to become CO2 neutral

The new exchange-traded fund (ETF) BITH11, launched in Brazil by crypto-specialist alternative investment firm Hashdex Asset Management, claims to be the country’s first “green” Bitcoin ETF.

The fund wants to neutralize its CO2 emissions by purchasing CO2 credits. To achieve the ETF’s goals, Hashdex has teamed up with the German Crypto Carbon (DE 🙂 Ratings Institute (CCRI), which will produce annual reports that estimate energy consumption and carbon emissions. These show how much CO2 was generated from the fund’s acquired BTC.

The ETF plans to initially invest 0.15 percent of its liquid funds annually in emissions certificates and environmentally friendly technologies. The fund was listed on the Brazilian B3 exchange late last week under the ticker symbol BITH11.

Read on on Cointelegraph




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Hasan Sheikh
Hasan, who loves technology and games, is studying Computer Engineering at Delhi JNU. He has been writing technology news since 2016.
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