Viridi Funds ETF Focuses on Greener Crypto Mining

Law360 (July 20, 2021, 5:29 p.m. EDT) – Viridi Funds on Tuesday launched an exchange-traded fund that will focus on more environmentally friendly cryptocurrency mining operations as well as other industries that support the ecosystem of cryptocurrency.

The Seattle-based investment adviser’s Viridi Cleaner Energy Crypto-Mining & Semiconductor ETF began trading on Tuesday on the New York Stock Exchange, where it appears under the symbol “RIGZ”. The fund focuses on cryptocurrency mining, which refers to the process of verifying compute-intensive cryptocurrency transactions. The fund also invests in cryptocurrency mining infrastructure companies and semiconductor companies such as Samsung Electronics Co., Nvidia Corp. and Advanced Micro Devices, according to the announcement.

Viridi said he hoped …

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