One River Digital sees spike in demand for carbon neutral Bitcoin
June 10, 2021. Summarized by summa-bot.
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Institutional investors have been showing a stronger appetite for a carbon-neutral Bitcoin investment solution by One River Digital Asset Management.
Institutional investors have been showing a stronger appetite for a carbon-neutral Bitcoin (BTC) investment solution by One River Digital Asset Management.
One River Digital, a crypto-focused hedge fund offering exposure to Bitcoin and Ether (ETH), announced Wednesday that an “overwhelming majority of assets” in its institutional Bitcoin fund have chosen to switch to One River’s new carbon-neutrality share class.
One River Digital president Sebastian Bea said that the growing number of institutional clients moving into One River’s carbon-neutral BTC investing could be a signal of a wider investment trend.
The latest news comes shortly after One River Digital filed for a carbon-neutral Bitcoin exchange-traded fund in late May. The carbon-neutral BTC ETF is designed to reflect the performance of Bitcoin on a “carbon-neutral basis” that is to offset the carbon footprint by purchasing and retiring carbon credits to cover emissions associated with Bitcoin in the trust.
One River’s carbon-neutral BTC investment tools come amid growing debate over the carbon impact of Bitcoin mining, with Tesla suspending BTC payments for its cars due to associated environmental concerns costs month.