Cantor Fitzgerald launches gold-backed Bitcoin fund: A bridge for traditional investors

The financial group #CantorFitzgerald has just launched a new investment fund: The Gold Protected Bitcoin Fund (Cantor Fitzgerald Gold Protected Bitcoin Fund). This fund is a unique combination of Bitcoin and gold, aimed at attracting traditional investors who are still wary of the volatility of the crypto market.

Gold risk insurance

According to Cantor Fitzgerald, this fund will use gold as a protective tool to mitigate risks from sharp price drops of $BTC . Bill Ferri, the head of global asset management at the company, stated that this strategy will leverage the long-term price appreciation potential of Bitcoin while using gold as a "safety net" in a recessionary market. At the same time, the price of gold has reached a new peak of 3,658 USD/ounce, according to information from exchange #NEOTECH , further reinforcing the safe-haven status of this precious metal.

Bitcoin: An accepted asset

The fact that a major player on Wall Street like Cantor Fitzgerald is launching this fund shows that Bitcoin is increasingly being accepted widely. Although Bitcoin has dropped nearly 9% from its all-time high last month, the emergence of spot ETF funds and innovative financial products like this fund is expected to help Bitcoin reduce volatility and become a mainstream investment choice. #anhbacong