Canadian investment firm plans to plant trees matching buys in Bitcoin ETF

Canadian investment firm plans to plant trees matching buys in Bitcoin ETF

The investment firm filed the application for its Bitcoin ETF with Canadian securities regulators in February. Accelerate Financial Technologies is planning to match each investment in its pending Bitcoin exchange-traded fund with the planting of thousands of trees.According to a Friday report from Bloomberg, the Calgary-based investment services company has pledged to plant 3,450 trees for every $1 million CAD — roughly $792,000 at the time of publication — invested in its Bitcoin (BTC) exchange-traded fund, or ETF. The move is part of Accelerate’s aim to have its Bitcoin ETF be carbon....


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