Towards the path of green finance: Unraveling the co-movement between green cryptocurrencies and Bitcoin

Meghna Jayasankar () and P S Niveditha ()
Additional contact information
Meghna Jayasankar: Gulati Institute of Finance and Taxation(Affiliated to Cochin University of Science and Technology)
P S Niveditha: Gulati Institute of Finance and Taxation(Affiliated to Cochin University of Science and Technology)

Economics Bulletin, 2025, vol. 45, issue 2, 919 - 927

Abstract: In this paper, we have studied the multifractal cross-correlation between green cryptocurrencies and a non-green cryptocurrency; Bitcoin, which is considered a significant polluter. The study reveals that both small and large fluctuations in Bitcoin's return affect the returns of green cryptocurrencies. Based on the study's results, investors can create their portfolios more effectively, subject to the risk they are willing to take, the time horizon of their investments, and their eco-consciousness.

Keywords: Green Crypto Assets; Bitcoin; Multifractalilty; Sustainability (search for similar items in EconPapers)
JEL-codes: G1 Q4 (search for similar items in EconPapers)
Date: 2025-06-30
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.accessecon.com/Pubs/EB/2025/Volume45/EB-25-V45-I2-P80.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-25-00035

Access Statistics for this article

More articles in Economics Bulletin from AccessEcon
Bibliographic data for series maintained by John P. Conley ().