Cantor Fitzgerald Launches Bitcoin Fund with Gold Protection

Big investment firm Cantor Fitzgerald is getting into the Bitcoin game with a new fund designed to minimize risk.

A Safer Bet on Bitcoin?

The fund, called the Fitzgerald Gold Protected Bitcoin Fund, lets investors bet on Bitcoin’s price while also protecting their money if Bitcoin’s value drops. This protection is linked to the price of gold – essentially acting as an insurance policy. It’s the first Bitcoin-focused investment vehicle from Cantor Fitzgerald, which manages a whopping $14.8 billion in assets.

What Cantor Fitzgerald Says

Cantor Fitzgerald chairman Brandon Lutnick says the fund is a “groundbreaking” way for investors to get in on Bitcoin’s potential growth without taking on excessive risk. The fund has a five-year lifespan and will start accepting investments soon.

More Than Just the Fund

Cantor Fitzgerald also announced a new Bitcoin financing business. This arm plans to offer up to $2 billion in loans to institutional investors who want to buy Bitcoin using borrowed funds. The first transactions through this new business have already been completed.

Important Note: This information is for general knowledge only and isn’t financial advice. Investing in Bitcoin and other cryptocurrencies is risky, so always do your research before investing any money.
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