Wall Street Giant Cantor Fitzgerald to Launch Gold-Backed Bitcoin Fund

Wall Street investment bank Cantor Fitzgerald Asset Management said it plans to launch a new fund that blends bitcoin BTC gains with a fallback anchored to gold.The Cantor Fitzgerald Gold Protected Bitcoin Fund, which the firm said will be its first BTC-focused investment vehicle, is structured to provide investors uncapped exposure to bitcoin's price rise while offering one-to-one downside protection based on the price of gold, according to the firm's Thursday press release.The fund is expected to open for investors in the next few weeks, and will run for five years, the firm said."There are still people on the Earth that are still scared of bitcoin, and we want to bring them into this ecosystem," Brandon Lutnick, chairman of Cantor Fitzgerald, said on stage at the Bitcoin 2025 conference in Las Vegas source: https://www.coindesk.com/business/2025/05/29/wall-street-giant-cantor-fitzgerald-to-launch-gold-backed-bitcoin-fund