Green energy crypto mining ETF launches on New York Stock Exchange
July 21, 2021. Summarized by summa-bot.
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Viridi Funds has launched its new green mining ETF on the New York Stock Exchange.
An exchange-traded fund focusing on more environmentally friendly crypto mining operations and infrastructure has been launched in the United States.
The new Viridi Cleaner Energy Crypto-Mining and Semiconductor ETF started trading on Tuesday, July 20, on the New York Stock Exchange under the symbol ‘RIGZ’.
Viridi Funds, which launched the new investment product, stated that the fund also invests in crypto mining infrastructure businesses and semiconductor companies such as Samsung Electronics, Nvidia Corp. , and Advanced Micro Devices, according to Law360.
He said that the migration of mining out of China to North America was good news, as more than half of crypto mining operations in the region now use renewable energy sources:
According to a July 20 CNBC report, new data shows that Bitcoin mining isn’t nearly as bad for the environment as it used to be, thanks to older less efficient machines being switched off in China and operations moving to more environmentally friendly locations.
On July 18, Cointelegraph reported that large U. S. -based crypto mining operations will benefit greatly from increased market share and hash rate dominance.