Wall Street giant Canter Fitzgerald debuted a new fund on Monday aimed at giving investors exposure BitcoinMoney benefits and shortcomings protection.
Fund, Canter Fitzgerald Gold Protected Bitcoin Fund, announcement The Bitcoin 2025 conference held in Las Vegas, Nevada in May aims to address the concerns of investors who were scared of Bitcoin
According to a Monday announcement, the fund continues to benefit from the long-term benefits of Bitcoin, minimizing the risk of short-term volatility and reducing the impact of correlation spikes.
“This gold-protected Bitcoin strategy spans five years and is tackling both risks head-on. It captures the upward trajectory of Bitcoin, but gold offers a safety net that will historically work well when the market declines.”
He added: “The highest or closest risky assets, timing and protection issues of all time.”
Decryption I contacted Canter Fitzgerald for comments.
Bitcoin, the largest and oldest digital asset, has earned massive profits in the past, but has experienced a major decline throughout its 16-year history.
Bitcoin was recently trading for under $112,182. It has increased by about 1% over the past 24 hours, with over 20% per year According to To Cryptocurrency Markets data provider Coingecko. However, since reaching its all-time high last month, major cryptocurrencies by market capitalization have fallen by nearly 9%.
Certainly, experts have said recently Decryption With the approval of an inundated Spot Bitcoin ETF, the assets should be less volatility. The volatility of digital coins has diminished significantly this year.
However, in the last bull market of 2021, assets hit a high of over $69,000 per coin, plunging to under $16,000 the following year. Many analysts believe that the current upcycling is likely not over yet.
Gold, traditional save haven assets, strike The new Monday, which is close to $3,680 per ounce, has risen more than 37% since the start of the year amid continuing concerns about US economy, inflation and other macroeconomic uncertainties.
Cantor was one of Bitcoin’s early vocalist Wall Street supporters. The company helps to detain StablecoinGiant’s Treasury Reserve Tether USDT Stablecoin products. Former Chairman and CEO Howard Lutnick, Donald Trump’s adviser during the 2024 presidential election, is currently the US Secretary of Commerce.
