19 days ago • Posted by Charles-Henry Monchau
Here comes an ETF invested into "ESG friendly" crypto mining stocks. Likely key holdings of the Viridi ESG Crypto Mining ETF are shown on the table below.
Mid-April, an initial N-1A registration statement has been filed with the U.S. SEC to launch Viridi ESG crypto mining ETF (by Alpha Architect ETF Trust). Per the form: “The fund is an actively managed ETF focused on the cryptocurrency mining industry. The fund’s portfolio managers seek to invest in equity securities of companies actively involved in the entire spectrum of cryptocurrency mining, from producers of computer chips, to manufacturers of computer equipment, to directly investing in market participants creating cryptocurrency themselves,“ Furthermore, the filing also goes on to state: “with regard to certain environmental, social and corporate governance impact criteria. The sub-adviser strives to select cryptocurrency industry companies that maintain robust and sustainable ESG policies.” Below are the likely holdings for the forthcoming ESG Crypto Mining ETF as well as their current renewables integration (largely non-existent) vs "anticipated" integration (which will have to be good enough for PM or else ETF have no holdings). Source: Bloomberg, Eric Balchunas, Seeking Alpha