Europe’s most popular Bitcoin ETP is going carbon neutral. “It's actually something that we'd been working on in the background, and then it got accelerated by the Elon Musk tweets,” ETC Group’s co-founder and CEO Bradley Duke told Decrypt. This spring, the Tesla CEO slammed Bitcoin mining as a dirty industry, leading some investors to dump their Bitcoin holdings.
An ETP, or exchange-traded product, is a security that tracks an underlying asset or financial instrument. It is similar to an exchange-traded fund (ETFs) but most governments prohibit those. Both products, however, let people invest in Bitcoin on the stock market without holding the cryptocurrency itself.
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