Cantor Fitzgerald has launched a new Bitcoin fund that provides investors with exposure to Bitcoin's potential gains while offering downside protection through gold. This fund, known as the Cantor Fitzgerald Gold Protected Bitcoin Fund, was announced recently. It aims to mitigate the short-term volatility often associated with Bitcoin investing, leveraging gold as a safety net. Cantor's Global Head of Asset Management, Bill Ferri, emphasized the importance of timing and protection in this investment strategy, particularly as risk assets are near all-time highs. The fund is designed to operate over five years, capturing Bitcoin's upward trend while benefiting from gold during market declines. Bitcoin recently traded around $112,182, having experienced a notable drop of nearly 9% from its all-time high of $124,128 reached last month. In a broader context, Cantor Fitzgerald has expressed strong support for Bitcoin, previously helping to custody assets for stablecoin firms. Amid rising gold prices and ongoing economic concerns, this dual-exposure fund reflects an innovative approach to hybrid asset management in the cryptocurrency sector.

Source 🔗