US Financial Giant Cantor Fitzgerald Announces New Initiative That Will Go Down in History Related to Bitcoin: The Company of the US Secretary of Commerce!

Cantor Fitzgerald Asset Management announced that it will launch a new fund that offers direct investment opportunities in Bitcoin and provides protection based on gold prices.

According to a brief statement made by the company, this new fund will provide investors with the opportunity to benefit from Bitcoin's upward potential, while also offering "1-to-1 gold price-based protection" against possible depreciation. Cantor stated that this is the company's first Bitcoin-focused investment product.

It was stated that the fund will be structured with a five-year maturity and designed without a cap on potential earnings. Cantor also announced that the fund will start accepting investments in the coming weeks.

Cantor Chairman Brandon Lutnick stated, "This is truly a groundbreaking investment vehicle. It offers investors the opportunity to capitalize on Bitcoin's growth potential while also providing downside protection based on the price of gold." Brandon Lutnick is the son of Howard Lutnick, who was recently appointed as the U.S. Secretary of Commerce and is a former CEO who left Wall Street.

This new Bitcoin fund announcement follows Cantor's announcement earlier this week that it has completed its first Bitcoin financing agreements with Maple Finance and FalconX. The company reported that under its "Bitcoin Financing Division," it plans to provide financing of up to $2 billion initially to institutional clients.

The 79-year-old established financial institution Cantor Fitzgerald seems to be increasing its interest in digital assets. The total value of the assets under the company's management is at 14.8 billion dollars.

*It is not investment advice.

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