Crypto currency

Ninepoint To Fully Offset Carbon Footprint Of Its Bitcoin ETF


Ninepoint, a Canadian investment firm with $8 billion in assets under management, will offset the carbon costs of its bitcoin exchange-traded fund (ETF) using a portion of its management fee, according to a recent release.

“Bitcoin is both a rapidly growing asset class and increasingly important financial technology. We must all do our part to ensure Bitcoin grows in a more sustainable way,” said Ninepoint’s managing director of digital assets, Alex Tapscott, per the release. “Investors increasingly want real ESG solutions for their portfolios, while not sacrificing on diversification. I believe Ninepoint Bitcoin ETF offers the best of both worlds and could be a model for our industry.”

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