Hashdex to Launch Bitcoin ETF Seeking to Offset Mining Emissions


The Brazilian asset manager Hashdex announced Tuesday that it will launch an Bitcoin-based exchange traded fund (ETF), which seeks to reduce carbon emissions.

Roberta Antunes from Hashdex’s chief growth officer, said that the ETF will use part of the management fee for carbon credits to offset the carbon generated by the Bitcoin in the fund.

Antunes announced that the product will be listed on Brazil’s stock exchange B3 starting Aug. 4. Investors can secure their first shares of the Hashdex Bitcoin Reference Price Index Fond (BITH11) up to July 30.

We know that bitcoin can be a significant contributor to the promotion of clean energy. Antunes stated that they want to anticipate the movement and offer investors a product which stimulates the sustainability potential of this asset. Antunes also stated that the company is supported by the Crypto Carbon Ratings Institute.

Hashdex claims that CCRI will publish annual reports containing estimates and calculations of energy consumption and carbon emission related to the mining of all bitcoins acquired from BITH11.

Antunes stated that the ETF will seek to reduce its carbon footprint by investing in stocks that help to preserve the environment. She stated that Hashdex will rely upon CCRI’s assistance to select potential partners and projects that have the goal of reducing the environmental impact in Brazil as well as worldwide.

According to Hashdex, the new ETF offerings will be coordinated by XP, Itau and Banco Genial.