Wall Street Giant Cantor Fitzgerald to Launch Gold-Backed Bitcoin Fund
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Krisztian Sandor
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By Krisztian Sandor, Cheyenne Ligon|Edited by Nikhilesh De
Updated May 29, 2025, 6:19 p.m. Published May 29, 2025, 6:03 p.m.
- Cantor Fitzgerald Asset Management announced plans to launch an investment fund combining bitcoin gains with price drop protection coming from investments in gold.
- This marks Cantor Fitzgerald’s deeper venture into bitcoin products after debuting a bitcoin lending business.
- “I think [the fund] is going to be one of the great products of the Earth,” chairman Brandon Lutnick said on stage at Bitcoin Vegas 2025.
Wall Street investment bank Cantor Fitzgerald Asset Management said it plans to launch a new fund that blends bitcoin
gains with a fallback anchored to gold.
The Cantor Fitzgerald Gold Protected Bitcoin Fund, which the firm said will be its first BTC-focused investment vehicle, is structured to provide investors uncapped exposure to bitcoin’s price rise while offering one-to-one downside protection based on the price of gold, according to the firm’s Thursday press release.
STORY CONTINUES BELOW
The fund is expected to open for investors in the next few weeks, and will run for five years, the firm said.
“There are still people on the Earth that are still scared of bitcoin, and we want to bring them into this ecosystem,” Brandon Lutnick, chairman of Cantor Fitzgerald, said on stage at the Bitcoin 2025 conference in Las Vegas. “I think it’s going to be one of the great products of the Earth.”
The move shows the investment giant is venturing deeper into bitcoin-related products as digital assets are becoming increasingly part of traditional markets. Earlier this week, Cantor said it opened its bitcoin lending business with first financing provided to crypto lender Maple and digital asset prime brokerage FalconX.
Read more: Wall Street Giant Cantor Debuts Bitcoin Lending Business With First Tranches to FalconX, Maple
Krisztian Sandor is a U.S. markets reporter focusing on stablecoins, tokenization, real-world assets. He graduated from New York University’s business and economic reporting program before joining CoinDesk. He holds BTC, SOL and ETH.
On the news team at CoinDesk, Cheyenne focuses on crypto regulation and crime. Cheyenne is originally from Houston, Texas. She studied political science at Tulane University in Louisiana. In December 2021, she graduated from CUNY’s Craig Newmark Graduate School of Journalism, where she focused on business and economics reporting. She has no significant crypto holdings.
