Currency Economy

Canadian Bitcoin ETF issuer seeks ‘green BTC’

Cryptocurrency25 minutes ago (May 10, 2021 09:00AM ET)Canadian Bitcoin ETF issuer seeks ‘green BTC’

Canadian Bitcoin ETF issuer seeks ‘green BTC’

Ninepoint Partners LP, one of Canada’s Bitcoin (BTC) exchange-traded fund issuers, has announced plans to offset the carbon footprint of its BTC ETF product.

According to a release issued on Monday, Ninepoint has inked a partnership with carbon offsetting service provider CarbonX. As part of the partnership, Ninepoint will dedicate an undisclosed portion of its management fees to purchase carbon credits to neutralize the environmental impact of the Bitcoin mining process of the BTC held in its fund.

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