Institutional investors have been showing a stronger appetite for investments in Bitcoin that can be carbon-neutral. They want such an investment solution to come from One River Digital Asset Management.
One River Digital, a company that focuses on Bitcoin and Ether (ETH), announced Wednesday that most people in their fund with money have chosen to switch to a new share class. This new share class is carbon-neutral.
In April, the company introduced a new system that calculates how much carbon is emitted when bitcoins are mined. If the company buys tokenized carbon credits at the market price of offsetting emissions and that costs $55 per year, then it will take 0.15% of your money to mine one bitcoin.
One River Digital’s president Sebastian Bea said that the number of institutional clients growing into One River’s Bitcoin investing could be a sign of a wider trend.
Investors are now interested in transparency. The digital assets will soon be 100% green and carbon-free.