The exchange-traded fund BITH11, which is managed by Hashdex, has announced its intention to invest part of its assets in green technologies and so-called carbon credits. Thus, the company's management wants to create the country's first purely green ETF.
For example, Hashdex wants to start the process of eliminating carbon emissions by purchasing special credits, which are digital tokens.
As of today, it is also known that BITH11 has entered into a partnership with Crypto Carbon Ratings to implement the plan. It specializes in analyzing and preparing reports on the use of electricity in the framework of bitcoin mining. In such a tandem, both companies intend to become the first in Brazil not only to mine bitcoin but also to care about the environment.