October 14, 2022 – Accelerate Financial Technologies Inc. (“Accelerate”), a leader in alternative investment solutions, is pleased to report its impact investing progress.
The Accelerate Carbon-Negative Bitcoin ETF (TSX: ATBC), launched in August 2021, included a novel and innovative decarbonization initiative to eliminate the carbon footprint of its investments while providing additional sustainability benefits to its unitholders.
Accelerate has worked with its partner, veritree, to execute ABTC’s impact investing initiative through a global tree-planting campaign. Specifically, it is expected that more than 12,000 trees have been or will be planted, resulting in an estimated 2,755 tons of CO2 sequestered and 1.3 hectares reforested in Madagascar, while providing 90 jobs in East Africa.
The estimated 2,755 tons of CO2 sequestered by ABTC’s decarbonization initiative is equivalent to removing 599 cars from the road for one year.
“We have made significant progress with ABTC’s one-of-a-kind global tree-planting initiative. I commend ABTC unitholders for valuing sustainability and diversification” said Julian Klymochko, Accelerate CEO and Chief Investment Officer. “Our long-term goal remains to plant 21 million trees – one for each and every bitcoin. Every new ABTC investor helps bring us closer to accomplishing this goal”
For each $1,000 investment in ABTC, approximately one net tonne of carbon dioxide is expected to be sequestered per year. ABTC’s decarbonization initiative is funded out of the ETF’s management fee.
“The Accelerate Carbon-Negative Bitcoin ETF allows investors to diversify their portfolios while helping to fight climate change.”
ABTC investors can discover the positive environment impact of their investment at www.investABTC.com.
About Accelerate Financial Technologies Inc.
Accelerate is a leading alternative investment solution provider empowering investors with a suite of hedge fund ETFs, crypto ETFs and Web3 funds.
Find out more at www.AccelerateShares.com
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