Wall Street Giant Cantor Fitzgerald to Launch Gold-Backed Bitcoin Fund
According to a report by Jinse Finance, Cantor Fitzgerald Asset Management has announced plans to launch a new fund that combines Bitcoin gains with downside protection against gold. The fund, named "Cantor Fitzgerald Gold Protected Bitcoin Fund," will offer investors "unlimited upside potential of Bitcoin prices" while providing "one-to-one downside protection based on gold prices." Company Chairman Brandon Lutnick stated at the Bitcoin 2025 conference: "There are still people on Earth who are afraid of Bitcoin, and we want to bring them into this ecosystem," "I believe this will become one of the greatest products on Earth." The fund is expected to open to investors in the coming weeks, with a term of five years.
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