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| Meghna Jayasankar and P S Niveditha |
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| ''Towards the path of green finance: Unraveling the co-movement between green cryptocurrencies and Bitcoin'' |
| ( 2025, Vol. 45 No.2 ) |
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| 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. |
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| Keywords: Green Crypto Assets, Bitcoin, Multifractalilty, Sustainability |
JEL: G1 - General Financial Markets
Q4 - Energy: General |
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| Manuscript Received : Jan 26 2025 | | Manuscript Accepted : Jun 30 2025 |
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