{"id":42215,"date":"2021-05-10T19:12:46","date_gmt":"2021-05-10T16:12:46","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=42215"},"modified":"2025-08-30T22:13:14","modified_gmt":"2025-08-30T19:13:14","slug":"ninepoint-partners-to-allocate-portion-of-management-fees-to-reducing-carbon-footprint","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ninepoint-partners-to-allocate-portion-of-management-fees-to-reducing-carbon-footprint\/","title":{"rendered":"Ninepoint Partners to allocate portion of management fees to reducing carbon footprint"},"content":{"rendered":"<p>Ninepoint Partners, the Bitcoin ETF provider on the Toronto Stock Exchange, <a href=\"https:\/\/www.globenewswire.com\/news-release\/2021\/05\/10\/2225989\/0\/en\/Ninepoint-to-Fully-Offset-Carbon-Footprint-of-Ninepoint-Bitcoin-ETF.html\" target=\"_blank\" rel=\"noreferrer noopener\">will allocate<\/a> an undisclosed portion of its management fees toward reducing its carbon footprint.<\/p>\n<p>The service-provider CarbonX will support the initiative.<\/p>\n<p>A partner using Ninepoint&#8217;s funds will regularly purchase <a href=\"https:\/\/en.wikipedia.org\/wiki\/Carbon_credit\" target=\"_blank\" rel=\"noreferrer noopener\">carbon credits<\/a> on a regular basis. They will help neutralize the environmental impact of mining the <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-fund-raises-180-million-in-an-ipo-on-the-toronto-stock-exchange\">Bitcoin fund<\/a> held in its portfolio by supporting forest-conservation projects in the Amazon basin.<\/p>\n<p>CarbonX, together with the Crypto Carbon Ratings Institute, will provide carbon-footprint analysis and CO2 offset solutions.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cWe have found a solution for investors who want to invest in Bitcoin but are concerned about the environmental impact of mining,\u201d<\/em> commented Alex Tapscott, managing director of digital assets at Ninepoint.<\/p>\n<\/blockquote>\n<p>On April 6, the company <a href=\"https:\/\/cointelegraph.com\/news\/canadian-firm-files-final-prospectus-for-bitcoin-etf\" target=\"_blank\" rel=\"noreferrer noopener\">converted<\/a> the January-open <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-fund-raises-180-million-in-an-ipo-on-the-toronto-stock-exchange\">Bitcoin fund<\/a> into an ETF.<\/p>\n<p>Earlier, Square and ARK Invest <a href=\"https:\/\/u1f987.com\/en\/news\/square-and-ark-invest-unveil-model-for-expanding-green-energy-through-bitcoin-mining\">presented<\/a> a model for green energy development through the mining of digital gold.<\/p>\n<p>As reported, Beijing authorities <a href=\"https:\/\/u1f987.com\/en\/news\/beijing-to-assess-impact-of-cryptocurrency-mining-on-electricity-consumption\">assess the impact of mining<\/a> cryptocurrencies on electricity consumption.<\/p>\n<p>Subscribe to ForkLog updates on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ninepoint Partners, the Bitcoin ETF provider on the Toronto Stock Exchange, will allocate an undisclosed portion of its management fees toward reducing its carbon footprint.<\/p>\n","protected":false},"author":1,"featured_media":42216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1137,1259,1211],"class_list":["post-42215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptocurrency-mining","tag-ecology","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42215","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=42215"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42215\/revisions"}],"predecessor-version":[{"id":42217,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42215\/revisions\/42217"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/42216"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=42215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=42215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=42215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}