One River, the digital asset hedge fund backed by billionaire investor Alan Howard, has officially filed to create bitcoin exchange-traded fund that incorporates the purchase of carbon credits in an effort to make the product carbon-neutral.
The firm’s plans for the One River Carbon Neutral Bitcoin Trust were made public in April when it partnered with carbon credit platform MOSS. Bloomberg reported on One River’s efforts earlier in April, with CEO Eric Peters telling the news outlet at the time that “There’s a lot of talk about the carbon footprint,” Peters said. “We decided it’s time to stop talking and start doing something about it.”
