The global investment platform of Financial Services Firm Cantor Fitzgerald is launching a new product with which investors can benefit from the price movement of Bitcoin (BTC) and offers a hedge against risks.
Cantor Fitzgerald Asset Management (CFAM) out That the Fitzgerald Gold Protected Bitcoin Funde Investors provides direct exposure to the flagship cryptocurrency and one-on-one downward protection based on the price of gold.
The company, which has approximately $ 14.8 billion in asset assets (AUM), says that the fund will be the first Bitcoin-oriented investment vehicle.
Says Cantor Fitzgerald -chairman Brandon G. Lutnick,
“At Cantor we are aimed at supplying innovative products that support customers who are looking for exposure to investments in digital assets. We believe that this is a real groundbreaking investment vehicle – one that helps investors to drill the potential growth of Bitcoin with downward protection based on the price of gold.”
CFAM says that the fund is structured with a duration of five years and will accept capital of investors in the coming weeks.
On Tuesday, Cantor Fitzgerald also announced that his Bitcoin financing activities successfully carried out his first transactions. The new business enterprise, which expects to make $ 2 billion in financing available in the initial phase, offers leverage to institutional investors of the Benchmark Crypto activum.
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