There will be more crypto basket ETF approvals before the end of the year. In 2018, the government of Indonesia issued the first sovereign green sukuk, 12 expanding the sustainable fixed-income market for investors in instruments that comply with Islamic religious law, known as sharia. 13 Since that debut, Indonesia has become one of the largest emerging-market GSS issuers, with the equivalent of nearly $9.5 billion in securities outstanding. The Ministry of Finance has built out a full yield curve that includes euro-denominated sustainability bonds and green sukuk in both US dollars and Indonesian rupiah. 14 The country’s GSS frameworks clearly define the use of proceeds, set out the process for project evaluation and selection, and provide for allocation and impact reporting. 15 Responsible Investing ETFs exposed to battery storage and EV supply chains gained 2.8% last week, supported by record global EV sales growth forecasts for
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