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Carbon neutral crypto spot ETFs to launch in Canada
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Two carbon neutral cryptocurrency-backed exchange-traded funds are poised to launch in Canada offering a greener alternative for institutional investors.
Canada-based asset manager Purpose Investments is readying to launch two new crypto-based ETFs on the Toronto Stock Exchange on Nov. 9, both of which offer investors a carbon offset.
Purpose will launch their Bitcoin and Ethereum ETFs under the BTCC.J and ETHH.J tickers. Unlike the funds recently launched in the U.S. which are futures contract backed, these funds will be backed and settled using BTC as the underlying asset.
Tomorrow @PurposeInvest is launching new share classes for their #Bitcoin and #Ethereum ETFs -- $BTCC and $ETHH. They will be "Carbon Offset" share classes and will be
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