Brevan Howard-Backed Firm Plans Carbon-Neutral Bitcoin Funds

It takes a lot power to mine Bitcoin that many traders received’t contact it for that motive. One River Asset Management, whose cryptocurrency funds are backed by billionaire Alan Howard, has a plan to take away that stigma: carbon neutrality.

One River, which manages $2.5 billion, developed a system that calculates the carbon price of crypto mining and buys credit to offset the environmental influence. It’s constructing carbon neutrality into its current Bitcoin and Ether funds and in addition planning to hunt regulatory approval for an exchange-traded fund with the identical options, Chief Executive Officer Eric Peters mentioned in an interview….

Recommended For You

About the Author: Daniel