By Harry B - Crypto Specialist - 09-08-2021
A leading investment firm, Hashdex, has recently announced that some of their BITH11 ETF crypto market investments will be put towards a greener environment.
A new release from Hashdex Asset Management for an ETF or Exchange-traded fund, the BITH11, has been recently launched in Brazil. The investment firm has claimed to have the first carbon-neutral Bitcoin (BTC) ETF in Brazil.
The Bitcoin ETF intends to begin investing in carbon credits to help offset its Co2 emissions. To accomplish the firm's goal of minimising its carbon footprint, Hashdex has teamed with Germany's Crypto Carbon Ratings Institute. The collaboration between the investment company and the institute will provide annual carbon emissions reports while also measuring the energy consumption associated with the ETF.
The recently released Bitcoin exchange-traded fund plans to invest 0.15% toward a greener Bitcoin investment market yearly. In the second quarter of the year, the regulated fund investing in cryptocurrency launched the ETF with the ticker HASH11. A recent report published in a Bloomberg article states that the ETF HASH11 has increased by 33% in the past 30 days.
One River Digital, a hedge fund manager within the cryptocurrency trading industry, reported a mass spike in interest for greener Bitcoin investment products. The spike follows after Elon Musk is concerned over the carbon footprint and energy consumption of crypto coin giant Bitcoin. In June of this year, the Tesla CEO stated that the company would be accepting Bitcoin again once at least 50% of the BTC mining is used with renewable energy.
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Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards