{"id":16376,"date":"2021-05-24T18:38:10","date_gmt":"2021-05-24T18:38:10","guid":{"rendered":"http:\/\/ci0283eaecd0002458"},"modified":"2021-05-24T18:38:10","modified_gmt":"2021-05-24T18:38:10","slug":"one-river-carbon-neutral-bitcoin-etf","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/business\/one-river-carbon-neutral-bitcoin-etf","title":{"rendered":"One River Files To Offer Carbon Neutral Bitcoin ETF"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p>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.<\/p>\n<p>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 \u201cestimated carbon footprint attributable to each bitcoin,\u201d per <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/0001863687\/000110465921070846\/tm2116981d1_s1.htm\" target=\"_blank\" rel=\"noopener\">a filing<\/a> with the U.S. Securities And Exchange Commission. <\/p>\n<p>Through a partnership with Moss Earth, based in Uruguay, the trust would purchase MCO2 tokens which represent certified reductions in greenhouse gas emissions.<\/p>\n<p>\u201cThe MCO2 tokens issued by Moss are assets encrypted and tokenized utilizing blockchain technology and are stored on a registry managed by Verra,\u201d according to the filing. \u201cEach circulating MCO2 token is intended to represent a claim on a certified carbon credit held in an aggregated pool of carbon credits within the Moss account on the Verra Registry.\u201d<\/p>\n<p><a href=\"https:\/\/bitcoinmagazine.com\/business\/race-for-the-first-bitcoin-etf-in-the-u-s-is-heating-up\">Many firms in the U.S. have applied to offer a bitcoin ETF<\/a>, as institutional interest in BTC ramps up, but none have yet been approved. And Bitcoin\u2019s energy consumption has been a hot topic lately, with many firms indicating plans to <a href=\"https:\/\/bitcoinmagazine.com\/tags\/energy-consumption\">mine BTC in environmentally-friendly ways<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Asset management firm One River has filed for regulatory approval to offer a bitcoin ETF that would purchase carbon credits.<\/p>\n","protected":false},"author":2705,"featured_media":6108,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[212,969,3014],"class_list":{"0":"post-16376","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-bitcoin-etf","9":"tag-energy-consumption","10":"tag-one-river"},"author_data":{"id":2705,"name":"Peter Chawaga","nicename":"peter-chawaga","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/peterc-96x96.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/green-earth-renewable-energy.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/16376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2705"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=16376"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/16376\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/6108"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=16376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=16376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=16376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}