TechFlow news — Cryptocurrency asset management firm 7RCC is advancing its application for a spot Bitcoin ETF. On March 13, NYSE Arca submitted a Form 19b-4 on its behalf, which is required for the listing and trading of the "7RCC Spot Bitcoin and Carbon Credit Futures ETF."
In December, 7RCC filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for its Bitcoin ETF under the ticker symbol BTCK, aiming to provide investors exposure to digital assets and carbon credits.
The fund seeks to track the daily price movements of Bitcoin and the value of carbon credit futures contracts, as represented by the Vinter Bitcoin Carbon Credit Index.
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