The U.S. SEC once again postpones the decision on the listing application of Environmental Bitcoin ETF

The U.S. Securities and Exchange Commission (SEC) has once again postponed its final decision on the listing application of the Carbon Offset Bitcoin ETF by NYSE Arca. According to a document dated September 4, the new deadline for the decision has been extended to November 21. The ETF aims to provide bitcoin investment exposure in an environmentally friendly way by offsetting carbon emissions, tracking a portfolio composed of 80% bitcoin and 20% carbon credit futures. Tidal Investments submitted its fund registration application in December 2023, while NYSE Arca submitted its preliminary application in March. Concerns have been raised about the environmental impact of Bitcoin mining, with a report from the International Monetary Fund (IMF) indicating that cryptocurrency mining accounts for 1% of global greenhouse gas emissions. The delay also includes postponing approval for Nasdaq's one-stop crypto investment portfolio ETF.