Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Best Bitcoin Casinos
    • New Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Best Bitcoin Casinos
    • New Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Carbon Neutral Crypto Spot ETFs to be Launched in Canada

Carbon Neutral Crypto Spot ETFs to be Launched in Canada

Kelly Cromley by Kelly Cromley
Nov 9, 2021
in Bitcoin News, Ethereum News, Market News, News
Reading Time: 2 mins read
0

Canada is seeking for a more environmentally friendly option to cryptocurrency investing, and on Tuesday it proposes to list two cryptocurrency-backed spot exchange-traded funds (ETFs) on the Toronto Stock Exchange that are carbon-neutral in nature.

Due to growing demand from institutional investors in spot exchange-traded funds (ETFs), Canadian asset management Purpose Investments has launched two new cryptocurrency exchange-traded funds (ETFs) based on Bitcoin and Ethereum.

RelatedPosts

Nigeria Charts Blockchain Future With Inclusive National Policy

Brave Introduces .brave Domains to Advance Web3 Browsing

Cardano and LW3 Pioneer Blockchain Passports for Products

TRON Blockchain Surpasses $75B USDT Mark, Cements Stablecoin Dominance

These exchange-traded funds (ETFs) will give investors with a carbon offset. Canadian exchange-traded funds (ETFs) are based on real cryptocurrencies, rather than futures contracts, as is the case with the newly established ProShares BITO ETF.

The Bitcoin and Ethereum exchange-traded funds (ETFs) will make their debut on the Toronto Stock Exchange under the tickers BTCC.J and ETHH.J. This information was first shared on Twitter by James Seyffart, a research analyst at Bloomberg Intelligence.

Purpose Investments has also formed a partnership with Patch, which will aid in the measurement of the carbon footprint of cryptocurrency portfolios as well as the provision of carbon-removing solutions.

A whitepaper published by Purpose states that the company seeks to assist “environmentally aware investors” who are hesitant about investing in cryptocurrencies “regardless of their opinions on the future of cryptocurrencies.”

“First and foremost, our cooperation with Patch enables us to calculate the carbon footprint of our portfolio, whether it is comprised of bitcoin or ether. Then, in order to balance these emissions, we purchase an equivalent quantity of carbon offsets” Purpose explained of their whitepaper.

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 denoted “/J”. Pages below. pic.twitter.com/W9QYS4232U

— James Seyffart (@JSeyff) November 8, 2021


The company will link other “businesses in need of a carbon-removal solution with those who supply them,” according to the website. On Nov. 8, according to the firm’s prospectus, Purpose’s new Bitcoin (BTC) fund owned 24,167 Bitcoin (about $US1.6 billion) in its possession.

On the other hand, as of November 8, the Ethereum fund has 86,906 ETH (about $US417 million) in assets. Purpose also launched the first Bitcoin ETF in North America in February, grabbing the attention of a large number of institutional investors by allowing them to get exposure to bitcoin without having to own the digital tokens directly.

Previous Post

Civic Launches Free Tool for Bot-Free NFT Minting and Dropping

Next Post

Synapse Bridge Averts $8mln Hack

Related Posts

nigeria charts blockchain future with inclusive national policy

Nigeria Charts Blockchain Future With Inclusive National Policy

by Kelly Cromley
May 21, 2025
0

The Federal Ministry of Communications, Innovation and Digital Economy has officially released a Whitepaper outlining Nigeria’s National Blockchain Policy, marking...

brave introduces .brave domains to advance web3 browsing

Brave Introduces .brave Domains to Advance Web3 Browsing

by Kelly Cromley
May 21, 2025
0

In a move that underscores its commitment to privacy and decentralized web technology, Brave Browser has unveiled a blockchain-native domain...

cardano and lw3 pioneer blockchain passports for products

Cardano and LW3 Pioneer Blockchain Passports for Products

by Kelly Cromley
May 21, 2025
0

The Cardano Foundation has unveiled a strategic partnership through its Cardano Venture Hub, joining forces with Web3 company LW3 to...

tron blockchain surpasses $75b usdt mark, cements stablecoin dominance

TRON Blockchain Surpasses $75B USDT Mark, Cements Stablecoin Dominance

by Kelly Cromley
May 21, 2025
0

TRON DAO has achieved a significant benchmark in the global stablecoin market by announcing that the circulating supply of Tether...

bsv association taps binarii labs for secure blockchain communications

BSV Association Taps Binarii Labs for Secure Blockchain Communications

by Kelly Cromley
May 21, 2025
0

The BSV Association, recognized for leading global advancements in the BSV Blockchain, has announced its decision to appoint Binarii Labs...

magic square and funtico unite to boost web3 gaming

Magic Square and Funtico Unite to Boost Web3 Gaming

by Kelly Cromley
May 21, 2025
0

Magic Square has revealed a strategic partnership with Funtico, a rapidly growing player in the blockchain gaming space. This collaboration...

Next Post
Synapse Bridge Averts $8mln Hack

Synapse Bridge Averts $8mln Hack

  • blackrock invests in colle web3

    COLLE: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • XRP Ledger Embraces Precious Metal-Backed Stablecoins with Meld Gold Partnership

    by Kelly Cromley
    Oct 2, 2024

Recent News

nigeria charts blockchain future with inclusive national policy
Market News

Nigeria Charts Blockchain Future With Inclusive National Policy

by Kelly Cromley
May 21, 2025
brave introduces .brave domains to advance web3 browsing
Market News

Brave Introduces .brave Domains to Advance Web3 Browsing

by Kelly Cromley
May 21, 2025
cardano and lw3 pioneer blockchain passports for products
Market News

Cardano and LW3 Pioneer Blockchain Passports for Products

by Kelly Cromley
May 21, 2025
tron blockchain surpasses $75b usdt mark, cements stablecoin dominance
Market News

TRON Blockchain Surpasses $75B USDT Mark, Cements Stablecoin Dominance

by Kelly Cromley
May 21, 2025
bsv association taps binarii labs for secure blockchain communications
Market News

BSV Association Taps Binarii Labs for Secure Blockchain Communications

by Kelly Cromley
May 21, 2025

Categories

  • Altcoin News
  • Analysis News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market News
  • News
  • Ripple News
  • Solana News

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Best Bitcoin Casinos
    • New Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree