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Wall Street investment bank Cantor Fitzgerald plans to launch a gold hedging Bitcoin fund.
Gate News bot news, Wall Street investment bank Cantor Fitzgerald announced at the Bitcoin 2025 conference held in Las Vegas on Thursday that it is considering launching a new fund to protect investors from Bitcoin fluctuation using gold.
According to the official announcement, the fund will operate for 5 years, aiming to provide investors with unlimited Bitcoin upside investment participation, while also offering 1:1 downside protection based on gold prices.
Brandon G. Lutnick, Chairman of Cantor Fitzgerald, called it a "groundbreaking investment tool" that balances the Fluctuation of Bitcoin with the stability of precious metals.
Source: Cryptonews