Bitcoin ETF approved in Canada. Man behind it talks prospects for U.S.-based funds

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  • CNBC Television published this video item, entitled “Bitcoin ETF approved in Canada. Man behind it talks prospects for U.S.-based funds” – below is their description.

    Som Seif, founder and CEO of Purpose Investments, Christian Magoon, founder and CEO of Amplify ETFs, and Andrew McOrmond, managing director at WallachBeth Capital discuss Seif’s approval for the world’s first direct custody bitcoin ETF. With CNBC’s Bob Pisani.

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    Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software.

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  • In This Story: Canada

    Canada is a country in the northern part of North America. It extends from the Atlantic to the Pacific and northward into the Arctic Ocean, covering 9.98 million square kilometres (3.85 million square miles), making it the world’s second-largest country by total area.

    Its southern and western border with the United States, stretching 8,891 kilometres (5,525 mi), is the world’s longest bi-national land border. Canada’s capital is Ottawa, and its three largest metropolitan areas are Toronto, Montreal, and Vancouver.

    Various Indigenous peoples inhabited what is now Canada for thousands of years before European colonization. The Canada Act 1982, which severed the vestiges of legal dependence on the British Parliament. Canada is a parliamentary democracy and a constitutional monarchy in the Westminster tradition, with a monarch and a prime minister who serves as the chair of the Cabinet and head of government.

    As a highly developed country, Canada has the seventeenth-highest nominal per-capita income globally as well as the thirteenth-highest ranking in the Human Development Index. Its advanced economy is the tenth-largest in the world, relying chiefly upon its abundant natural resources and well-developed international trade networks.

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