The latest news in investment offerings, financial products and other services relevant to wealth advisors and their clients.

Cantor Fitzgerald Asset Management
Cantor Fitzgerald Asset Management has launched an investment fund that combines bitcoin and gold.

The US-based firm has launched Cantor Fitzgerald Gold Protected Bitcoin Fund, its first bitcoin-focused investment vehicle. 

Structured with a five-year duration, the fund aims to deliver uncapped upside participation in the cryptocurrency, while providing one-to-one downside protection based on the price of gold.

The fund is expected to begin accepting investor capital in the coming weeks, CFAM said in a statement.

“We believe this is a truly groundbreaking investment vehicle – one that helps investors to tap into bitcoin’s potential growth with downside protection based on the price of gold. This fund reflects our entrepreneurial spirit and commitment to delivering bold, forward-thinking solutions that redefine what’s possible in digital asset investing,” said Brandon G Lutnick, chairman of Cantor Fitzgerald, said.