7RCC Global's BTCK has begun trading on NYSE Arca. This ETF combines bitcoin with regulated carbon credit futures in a single listed product, targeting investors seeking to gain exposure to crypto assets through traditional brokerage accounts.
The product uses an 80/20 allocation.
According to the company’s disclosure, BTCK’s asset allocation is approximately 80% Bitcoin and 20% carbon credit futures. The latter corresponds to regulated emissions markets, including contracts related to the European Union Emissions Trading System, California’s Cap-and-Trade program, and the Regional Greenhouse Gas Initiative (RGGI) in the United States.
The fund tracks the 7RCC Kaiko Bitcoin Carbon Credit Index, aiming to reflect the daily price movements of two asset classes, net of fees, to determine the fund’s net asset value performance. Unlike conventional spot Bitcoin ETFs, BTCK also provides exposure to environmental commodities.
Targeting traditional account allocation needs
7RCC stated that investors can buy and sell BTCK directly through brokerage accounts that support ETF trading, without needing to open a separate cryptocurrency exchange account or manage their own digital wallets. For certain institutional and traditional investors, this structure more closely resembles familiar, compliant investment instruments.
The company stated that the bitcoin portion is primarily influenced by adoption trends and monetary factors, while the carbon credit portion is more driven by emissions policies and compliance demands. The market drivers for these two asset classes differ, which is one of the key design principles of this product.
- Trading code: BTCK
- Listing venue: NYSE Arca
- Allocation ratio: 80% Bitcoin, 20% carbon credit futures
Continue the early ESG Bitcoin ETF concept
About two and a half years ago, 7RCC previously submitted a similar product proposal to the U.S. Securities and Exchange Commission, centered on the same 80/20 allocation model. At the time, this design was regarded as one of the earliest attempts to combine spot Bitcoin exposure with environmental market investments within a single ETF.
This official listing also reflects that crypto ETF issuers are continuing to expand the boundaries of their products, moving beyond exposure to single spot crypto assets and experimenting with combinations involving other regulated asset classes.
The carbon market still uses futures exposure.
The report noted that the market has previously explored using blockchain to enhance transparency and registration processes in carbon markets, including converting registered carbon credits into on-chain tokens. However, BTCK currently employs regulated carbon credit futures rather than tokenized carbon credits.
This means that although the product combines digital assets with environmental commodities, its carbon market component still follows traditional contract structures. For investors, BTCK provides a single listed entry point to gain exposure to both Bitcoin and the carbon market.