Summary
- Cantor Fitzgerald announced that it plans to launch an investment product combining Bitcoin (BTC) and gold.
- They explained that this product has no cap on Bitcoin's upside potential and will provide downside protection by being linked to the price of gold.
- This product is structured with a five-year maturity and they plan to start recruiting investors within a few weeks.
On the 29th (local time), according to digital asset (cryptocurrency) specialist media The Block, U.S. investment bank Cantor Fitzgerald is planning to launch an investment product that combines gold and Bitcoin (BTC).
Cantor Fitzgerald stated in an announcement, “We are preparing a fund with a structure that does not limit upside returns from Bitcoin, while offering downside protection by linking to the price of gold,” adding, “This product is Cantor Fitzgerald's first dedicated Bitcoin investment product, designed with a five-year maturity, and we plan to start recruiting investors within a few weeks.”
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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