Hashdex Will Launch Bitcoin ETF For Offsetting Mining Emissions

Bitcoin mining has been a popular subject these days, as we already addressed in our previous article earlier today.

Now, more news surfaces about the issue, and you can check out the details below.

CoinDesk reported that the Hashdex Nasdaq Bitcoin Reference Price Index Fund would use a portion of the management fee in order to buy carbon credits and will be available as of August on Brazilian stock exchange B3.

The same prestigious online publication also made sure to note the fact that the ETF will use a portion of the management fee in order to buy carbon credits and offset the carbon produced by the BTC held in the fund, according to Roberta Antunes, chief of growth at Hashdex.

The product will be listed on Brazilian stock exchange B3 as of Aug. 4, Antunes said.

More than that, it’s been also revealed that investors have until July 30 to secure the first shares of the Hashdex Nasdaq Bitcoin Reference Price Index Fund (BITH11). This is what she continued and said:

“We understand that bitcoin can contribute greatly to encouraging the use of clean energy around the world. We want to anticipate this movement and offer investors a product that stimulates the sustainable potential of this asset.”

She added that the company has the support of the Crypto Carbon Ratings Institute (CCRI). We suggest that you check out the complete article in order to learn more details about the issue.

Bitcoin mining in the news

Earlier today, we revealed that the nuclear and fossil-fuel based power generator Energy Harbor Corp made an important announcement – they teamed up with Bitcoin mining hosting provider Standard Power, according to a press release.

The BTC mining endeavour is reportedly set to begin in December of 2021.

Stay tuned for more news, and make sure to keep your eyes peeled on the crypto market.

Previous ArticleNext Article
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.