ETC Group announced today that its crypto ETP, ETC Group Physical Bitcoin (BTCE), will be the first Bitcoin ETP with a carbon neutral feature.
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ETC Group will thus offset BTCE’s carbon footprint in combination with hand-selected, high-quality carbon credits that compensate for the CO2e1 emissions associated with BTCE Bitcoin mining. These carbon credits, supported by the world’s leading first-time clusters, will also support other projects of this type.
Bradley Duke, CEO of ETC Group, made a statement regarding the company’s announcement:
ETC Group will also fund a number of projects to offset all Bitcoin-related Scope 3 emissions. ETC Group also announced that it will join the Crypto Climate Accord, a cluster that aims to actively make the entire crypto industry carbon neutral.