I love the idea, but I would have some serious trepidation about it. Alas, most Christmas trees are sprayed with various herbicides and pesticides, the main eight being chlorothalonil, atrazine, simazine, glyphosate, hexazinone, carbaryl, chlorpyrifos and dimethoate. Several of these are known to pose extreme harm to aquatic organisms. Of course, we really have no way to know how much residue from these chemicals remains on the trees. It is known that many of these chemicals cause harm in very small doses. To me, it doesn't feel worth the risk. So I personally choose to err on the side of caution and avoid these trees. Even though it pains me greatly to see all the potential habitat for wildlife laying on the curb, bound for the dump. If it weren't for the chemicals, I would have a grove of old Christmas trees set up in my yard.
Obviously, if you could find trees that were organic or you could be certain had not been sprayed, I would say go for it. They seem to be somewhat tough to find though.
Here's some more detailed info on the chemicals that are used and how common their use is:
https://christmastrees.ces.ncsu.edu/faq-pesticides-used-in-christmas-trees/
And this one has a bit more about the effects of those chemicals on life:
https://medium.com/center-for-biological-diversity/are-christmas-trees-sprayed-with-pesticides-67d832f8556d
“Action on behalf of life transforms. Because the relationship between self and the world is reciprocal, it is not a question of first getting enlightened or saved and then acting. As we work to heal the earth, the earth heals us.” ~ Robin Wall Kimmerer