ETP Green is a good signal for Bitcoin, which is so attractive that it is also at the center of this type of solutions.
The instrument is an ETP, that is, an ETF with only one asset inside it. An ETF that reproduces the performance of Bitcoin without taking into account its impact on the environment. The concept, which is actually not a new one, since it has already been proposed before, belongs to Valour, which brings this product to the Frankfurt Stock Exchange and, thus, to a market accessible to Europeans as well.
The product will be called Valour Bitcoin Carbon Neutral ETP, will have an ISIN of CH1149139706, and if you are lucky, you will already be able to find it on your favorite investment platforms.
The essence of the question? Compensation of emissions associated with Bitcoin mining, which will silence all those who see BTC as a real threat to the health of the planet, interested or not.
Bitcoin is a non—existent threat in fact, it can really help in increasing the efficiency of renewable energy production, as well as in reducing emissions due to flare gas. But, we still live in the world we live in, and therefore, we will have to accept this new product with all the enthusiasm it deserves.
The solution will allow institutional investors to buy Bitcoin indirectly, having the very “green stamp”, without which they seem to be unable to do. The development of events, which, among other things, signals to us that Bitcoin is such a sought-after and interesting asset that it will still find a way to meet the requirements of both the dreams of the “green” market controllers and the sentiments of a more environmentally friendly part of society.
Is this the future for Bitcoin?
Not the future, but one of the futures that will co-exist in the world of Bitcoin investing, given that external circumstances are not controlled by those who understand how Bitcoin mining works. It should be borne in mind that everyone, with conviction, seems to want to ignore what is actually happening in Bitcoin mining in terms of reducing emissions.
There is a silver lining: there are solutions for those who want them, and therefore the crypto community welcomes this kind of product released on the market by Valour. A fairly eco-friendly product even for Bitcoin detractors, who will now have to look for other ways to attack the king of the cryptocurrency market.