An exchange-traded fund focusing on more environmentally friendly crypto mining operations and infrastructure has been launched in the United States.
The new Viridi Cleaner Energy Crypto-Mining and Semiconductor ETF started trading on Tuesday, July 20, on the New York Stock Exchange under the symbol ‘RIGZ’.
The product is part of growing efforts to attract mainstream investors with a focus on environmental, social and governance (ESG) issues.
Viridi Funds, which launched the new investment product, stated that the fund also invests in crypto mining infrastructure businesses and semiconductor companies such as Samsung Electronics, Nvidia Corp., and Advanced Micro Devices, according to Law360.
Viridi CEO Wes Fulford, a former CEO of Bitfarms, said the fund will focus on clean energy screening. He said that the migration of mining out of China to North America was good news, as more than half of crypto mining operations in the region now use renewable energy sources:
“Obviously, with what’s happened in China the power used is dramatically lower than