2 weeks ago
Wall Street concern slope Cantor Fitzgerald Asset Management said it plans to motorboat a caller money that blends bitcoin BTC gains with a fallback anchored to gold.
The Cantor Fitzgerald Gold Protected Bitcoin Fund, which the steadfast said volition beryllium its archetypal BTC-focused concern vehicle, is structured to supply investors uncapped vulnerability to bitcoin's terms emergence portion offering one-to-one downside extortion based connected the terms of gold, according to the firm's Thursday property release.
The money is expected to unfastened for investors successful the adjacent fewer weeks, and volition tally for 5 years, the steadfast said.
"There are inactive radical connected the Earth that are inactive frightened of bitcoin, and we privation to bring them into this ecosystem," Brandon Lutnick, president of Cantor Fitzgerald, said connected signifier astatine the Bitcoin 2025 league successful Las Vegas. "I deliberation it’s going to beryllium 1 of the large products of the Earth."
The determination shows the concern elephantine is venturing deeper into bitcoin-related products arsenic integer assets are becoming progressively portion of accepted markets. Earlier this week, Cantor said it opened its bitcoin lending concern with archetypal financing provided to crypto lender Maple and integer plus premier brokerage FalconX.
Read more: Wall Street Giant Cantor Debuts Bitcoin Lending Business With First Tranches to FalconX, Maple
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