TechFlow news, according to Cointelegraph, asset management firm Jacobi has classified its Jacobi FT Wilshire Bitcoin ETF as an "Article 8" fund. Under the EU’s Sustainable Finance Disclosure Regulation (SFDR), Article 8 funds are those that promote environmental and/or social characteristics (ESG).
The report cites Jacobi CEO Martin Bednall stating that the ETF is "fully decarbonized" due to its partial investment in Renewable Energy Certificates (RECs). However, academic experts expressed clear contradictions when questioned by reporters—given Bitcoin’s energy-intensive mining process, the ETF would need to purchase such a large volume of RECs that it not only matches but exceeds the amount of energy consumed by its BTC holdings.
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