7RCC launches NYSE ETF pairing spot Bitcoin with carbon futures

7RCC Global launched the 7RCC Spot Bitcoin and Carbon Credit Futures ETF (ticker: BTCK) on the New York Stock Exchange on June 4. The fund holds a majority allocation to spot bitcoin and allocates roughly 20% of assets to regulated carbon credit futures. The expense ratio is 0.44% (44 basis points).

BTCK tracks the 7RCC Kaiko Bitcoin Carbon Credit Index. The fund combines direct bitcoin holdings with futures contracts that reference established emissions trading systems. The carbon futures portion targets markets such as the European Union Emissions Trading System and California’s Cap-and-Trade program.

Fund documents state the carbon allocation is intended to offset the estimated carbon footprint of the fund’s bitcoin position. The carbon futures are contracts tied to compliance markets where companies buy or sell allowances to meet regulatory obligations.

The bitcoin sleeve provides direct exposure to spot bitcoin price movements. The carbon futures sleeve offers exposure to carbon pricing and policy-driven demand in mandatory emissions markets, not to voluntary offset programs.

The fund’s materials say returns from the carbon futures are driven by emissions caps, compliance demand and carbon price dynamics, which differ from the drivers of bitcoin returns.

Spot bitcoin ETFs became available to U.S. investors in 2024 as a regulated vehicle for digital-asset exposure. BTCK presents a single ETF that holds bitcoin alongside regulated carbon credit futures, keeping most assets in bitcoin while allocating a portion to compliance-linked carbon markets.

Regulated carbon credit futures reflect supply and demand where governments set emissions caps and regulated entities transact allowances to meet compliance obligations. The fund links part of its return profile to these mechanisms while maintaining primary exposure to spot bitcoin.