Core Insights - Cantor Fitzgerald launched the Cantor Fitzgerald Gold Protected Bitcoin Fund to provide investors with exposure to Bitcoin while offering downside protection through gold [1][2] - The fund aims to minimize short-term volatility and reduce correlation spikes, allowing investors to benefit from Bitcoin's long-term upward trend [1] - The strategy is designed to capture Bitcoin's growth while using gold as a safety net during market declines [1] Bitcoin Market Overview - Bitcoin is currently trading at approximately $112,182, reflecting a 1% increase over the past 24 hours and over 20% year-to-date [3] - Despite recent gains, Bitcoin has experienced a nearly 9% decline since reaching an all-time high of $124,128 last month [3] - Experts suggest that the approval of spot Bitcoin ETFs may lead to reduced volatility for the asset [4] Gold Market Context - Gold reached a new high of nearly $3,680 per ounce, up more than 37% year-to-date, driven by concerns about the U.S. economy and inflation [5] - Gold is traditionally viewed as a safe haven asset, particularly during times of economic uncertainty [5] Cantor Fitzgerald's Position - Cantor Fitzgerald has been a strong supporter of Bitcoin and is involved in custody services for Tether's USDT stablecoin [6] - The firm has a significant presence in the cryptocurrency space, including a $2 billion Bitcoin lending business [5]