Key Takeaways:
One-sentence hook: 7RCC Global's BTCK, the first US-listed ETF to combine spot bitcoin with regulated carbon credit futures, began trading on NYSE Arca on Thursday.
7RCC Global started trading the 7RCC Spot Bitcoin and Carbon Credit Futures ETF (NYSE Arca: BTCK) on June 4, an exchange-traded product that allocates 80 percent of its assets to bitcoin and 20 percent to regulated carbon credit futures. The fund tracks the 7RCC Kaiko Bitcoin Carbon Credit Index, which is administered by Kaiko and calculated by Solactive AG, and marks the first time a US-listed ETF has paired spot cryptocurrency exposure with environmental commodities in a single vehicle.
"We started 7RCC because we believed digital assets would become a permanent part of the global financial system and that investors would want them in familiar, regulated structures built for the long term," Rali Perduhova, co-founder and chief executive officer of 7RCC Global, said. "BTCK pairs bitcoin with regulated carbon markets, bringing together two asset classes driven by distinct market forces."
The fund's carbon credit allocation is tied to futures contracts linked to three major regulated emissions-allowance markets: the European Union Emissions Trading System, California Cap-and-Trade, and the Regional Greenhouse Gas Initiative. Gemini Trust Company holds the fund's bitcoin, while U.S. Bank serves as cash custodian and administrator. BTCK is a series of the Teucrium Commodity Trust, sponsored by Teucrium Trading LLC, with PINE Distributors LLC acting as marketing agent.
The launch comes roughly two and a half years after 7RCC first filed plans with the Securities and Exchange Commission for an ESG-oriented bitcoin ETF built around the same 80/20 allocation model, according to prior reports. At the time, ETF analyst Nate Geraci described the proposal as one of the earliest attempts to merge spot bitcoin exposure with environmental market investments.
BTCK differs from the roughly three dozen single-asset spot bitcoin ETFs already trading in the US by adding a regulated carbon futures allocation. The two asset classes are driven by largely independent forces — bitcoin adoption and monetary dynamics on one side, emissions policy and compliance demand on the other — giving the fund two distinct return drivers within a single allocation, according to 7RCC.
Investors can access BTCK through standard brokerage accounts that support listed ETFs, eliminating the need to maintain a separate digital asset wallet or exchange account. The fund issues a Schedule K-1 for tax reporting rather than a Form 1099, as it is structured as a commodity pool regulated by the Commodity Futures Trading Commission.
The product enters a market where both digital assets and environmental commodities have drawn growing institutional interest. In July 2025, JPMorgan's blockchain division, Kinexys, partnered with S&P Global Commodity Insights, EcoRegistry, and the International Carbon Registry to test the tokenization of carbon credits on blockchain infrastructure, according to Bloomberg. That project explored ways to improve transparency and record-keeping in carbon markets by converting registry-held credits into blockchain-based tokens.
For 7RCC, BTCK represents the first publicly traded product from a firm that develops index methodologies and infrastructure for regulated investment vehicles. The company said it is also building next-generation infrastructure for digital ownership and transfer within regulated products, part of a broader effort to expand how new asset classes reach investors through familiar, regulated structures.
This article is for informational purposes only and does not constitute investment advice.
