{"id":319012,"date":"2021-08-09T07:36:29","date_gmt":"2021-08-09T04:36:29","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/new-brazilian-bitcoin-etf-pledges-carbon-neutrality\/"},"modified":"2021-08-09T07:36:29","modified_gmt":"2021-08-09T04:36:29","slug":"new-brazilian-bitcoin-etf-pledges-carbon-neutrality","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/new-brazilian-bitcoin-etf-pledges-carbon-neutrality\/","title":{"rendered":"# New Brazilian Bitcoin ETF pledges carbon neutrality"},"content":{"rendered":"<p>&#8220;<strong># New Brazilian Bitcoin ETF pledges carbon neutrality <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDgvY2Y0YjBkMzAtZWU4Ni00YTVkLWIyZjktZDY1NGRiZjg3NzI3LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>BITH11, a new exchange-traded fund (ETF) launched in Brazil by crypto-focused alternative investment firm Hashdex Asset Management, claims to be the country\u2019s first \u201cgreen\u201d Bitcoin ETF.<\/p>\n<p>The<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.hashdex.com.br\/bith11\"> fund<\/a> plans to neutralize its associated carbon emissions through purchasing carbon credits. To meet the ETF\u2019s objectives, Hashdex has partnered with Germany\u2019s Crypto Carbon Ratings Institute (CCRI) \u2014 which will produce annual reports estimating the energy consumption and carbon emissions underpinning the creation of BTC acquired by the fund.<\/p>\n<p>The ETF is currently aiming to invest 0.15% of its liquid assets into carbon credits and eco-friendly technologies every year. The fund was launched on the B3 Brazilian Stock Exchange late last week under the ticker BITH11.<\/p>\n<p>According to a rough translation, Rogerio Santana, relationship director at the S\u00e3o Paulo-based B3 exchange, stated:<\/p>\n<blockquote><p>\u201cThe new ETF offers investors exposure to variations in the world&#8217;s main digital asset, with all its growth potential and value reserve, in a regulated, secure manner and under sustainability goals,\u201d<\/p><\/blockquote>\n<p>Hashdex is an issuer of regulated crypto investment funds, having launched its first crypto-focused ETF, HASH11, in April of this year. Over the past month, HASH11 has gained 33% according to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/quote\/HASH11:BZ?sref=323RPL5z\">Bloomberg<\/a>. <\/p>\n<p>In addition to HASH11 and BITH11, Hashdex also offers a weighted Nasdaq Crypto Index (NCI) fund tracking BTC, and its Bitcoin Risk Parity Gold Fund.<\/p>\n<p><strong><em>Related:<\/em><\/strong><strong><em> <\/em><\/strong><strong><em>SkyBridge buys 38,500 tons of carbon offsets<\/em><\/strong><\/p>\n<p>Green crypto funds have grown in popularity this year as concerns over the fossil fuel-based energy consumption of crypto mining operations entered mainstream discourse. <\/p>\n<p>In May, Canadian Bitcoin ETF issuer, Ninepoint, announced plans to offset the carbon footprint of its BTC fund, partnering with carbon offsetting service provider CarbonX.<\/p>\n<p>The following month, crypto-focused hedge fund manager One River Digital reported a surge in demand for carbon-neutral Bitcoin investment products. <\/p>\n<p>On August 3, Global investment firm SkyBridge Capital announced that it had partnered with carbon credit provider MOSS Earth to purchase tokens representing 38,436 tons of carbon offsets.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/new-brazilian-bitcoin-etf-pledges-carbon-neutrality\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# New Brazilian Bitcoin ETF pledges carbon neutrality &#8221; BITH11, a new exchange-traded fund (ETF) launched in Brazil by crypto-focused alternative investment firm Hashdex Asset Management, claims to be the country\u2019s first \u201cgreen\u201d Bitcoin ETF. The fund plans to neutralize its associated carbon emissions through purchasing carbon credits. To meet the ETF\u2019s objectives, Hashdex has&#8230;<\/p>\n","protected":false},"author":1,"featured_media":319013,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDgvY2Y0YjBkMzAtZWU4Ni00YTVkLWIyZjktZDY1NGRiZjg3NzI3LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,75849,22483],"class_list":["post-319012","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-etf","tag-brazil"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/319012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=319012"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/319012\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/319013"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=319012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=319012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=319012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}