What to know:
- Well, folks, Cantor Fitzgerald Asset Management has decided to dip its toes into the wild waters of Bitcoin, mixing it with a little gold for good measure. Who knew investing could be so fancy?
- This here marks Cantor Fitzgerald’s grand leap into the Bitcoin circus after they tried their hand at lending some of that digital dough.
- Brandon Lutnick, the big cheese over at Cantor, proclaimed, “I reckon this fund is gonna be one of the great products of the Earth!” Well, bless his heart! 🌍
In a move that’s as bold as a cat in a dog park, Wall Street’s own Cantor Fitzgerald is set to launch a fund that marries the unpredictable Bitcoin with the steady hand of gold. Talk about a match made in financial heaven!
The Cantor Fitzgerald Gold Protected Bitcoin Fund, which they claim is their first foray into the BTC realm, is designed to give investors a wild ride on Bitcoin’s price rollercoaster while keeping a safety net made of gold. Sounds like a plan, right?
They say this fund will be open for business in just a few weeks, and it’s set to run for five whole years. That’s longer than most of my relationships! 😂
Brandon Lutnick, in his infinite wisdom, noted that there are still folks out there trembling at the thought of Bitcoin, and they aim to coax them into this brave new world. “I think it’s gonna be one of the great products of the Earth,” he said, probably while wearing a top hat and twirling a cane.
This bold move shows that the investment giant is diving deeper into the Bitcoin pool as digital assets become as common as corn on the cob at a summer picnic. Just last week, Cantor announced they opened their Bitcoin lending business, with the first loans going to crypto lender Maple and digital asset prime brokerage FalconX. Ain’t that a hoot?
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2025-05-29 21:39