Cantor Fitzgerald Launches Gold-Backed Bitcoin Fund

According to Foresight News, Cantor Fitzgerald Asset Management has introduced the Gold Protected Bitcoin Fund, a novel structured investment product. This fund combines the significant growth potential and adoption of Bitcoin with downside protection based on gold. In the event of a Bitcoin price decline, the fund aims to safeguard up to 100% of the initial investment by leveraging gold's performance. The extended investment period is designed to minimize the risk of short-term volatility and mitigate the impact of rising correlations, while still benefiting from Bitcoin's long-term upward trend.