CJ - Cryptocurrency Enthusiast
The Frankfurt Stock Exchange will soon host the launch of Valor Inc.'s new carbon-neutral Bitcoin exchange-traded product (ETP), the first publicly traded company to integrate traditional capital markets, Web3, and decentralized finance.
With an administrative fee of 1.49% that will go toward financing approved carbon removal projects, Valour's carbon-neutral ETP promotes itself as providing investors with "sustainable and climate-friendly" exposure to Bitcoin.
Valor thinks that by supporting carbon removal projects, it will be in line with the environmental, social, and corporate governance (esg) policies and help to reduce carbon emissions from BTC, the announcement further states:
“Using Patch's API-based solution, which takes into account a variety of inputs, such as the efficiency of mining equipment, distribution of hash power, and national level carbon emission data, to estimate the amount of carbon emissions the value portfolio has, all carbon emissions linked to the investment will be automatically targeted to achieve carbon neutral output.”
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