Cantor Fitzgerald Asset Management announced that it will launch a new fund that offers direct investment in Bitcoin and provides protection based on the price of gold. According to the company’s brief statement, this new fund will offer investors the chance to benefit from Bitcoin’s upside potential while providing “1:1 gold-based protection” against potential depreciation. Cantor noted 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 is designed with no upper limit on possible earnings. Cantor also announced that the fund will start accepting investments in the coming weeks. “This is truly a groundbreaking investment vehicle,” Cantor President Brandon Lutnick said in a statement, “providing investors with the opportunity to capitalize on the growth potential of Bitcoin while providing downside protection against the price of gold.” Brandon Lutnick is the son of former CEO Howard Lutnick, who was recently appointed U.S. Commerce Secretary and left Wall Street. This new Bitcoin fund announcement comes after Cantor announced earlier this week that it had completed its first Bitcoin financing deals with Maple Finance and FalconX. The company reportedly plans to provide up to $2 billion in financing to institutional clients initially under its “Bitcoin Finance Business Line.” The 79-year-old financial institution Cantor Fitzgerald appears to be increasing its interest in digital assets. The company has assets under management totaling $14.8 billion. *This is not investment advice.