New crypto fund unveils innovative investment strategy: ‘Tackles both risks head-on’
A new cryptocurrency-focused fund with major Wall Street backing recently went public. Its goal is to provide financial safety where its backers perceive traditional markets will not.
Introduced in May and backed by company CEO (and U.S. Commerce Secretary) Howard Lutnick, the Cantor Fitzgerald Gold Protected Bitcoin Fund aims to “[mitigate] the risk of short-term volatility and [limit] the effects of correlation spikes while still participating in the long-term upward trend of Bitcoin,” according to TheStreet.
“This gold-protected Bitcoin strategy spans five years and tackles both risks head-on,” said Bill Ferri, the global head of Cantor Fitzgerald asset management. “It captures Bitcoin’s upward trajectory while gold…
