The SEC granted the ETF approval after they argued that the bitcoin futures market had matured past its surveillance agreement.
The launch marks the first actively managed ETFs from AllianceBernstein with the global trading firm Jane Street, acting as the Lead Market Maker.
KARB will help to give investors another option as many cannot directly buy and sell carbon allowances as it requires an emissions trading system (ETS).
The index follows large cap equities in the financial, industrial, technology, energy, healthcare, materials, consumer discretionary, utilities, consumer staples and real estate sectors.
The goal of the ETF is to offer investors access to both genomics and digitalization which are two of the key areas in developmental healthcare.