A leading economic daily revealed that the asset management firm Franklin Templeton is actively considering an altcoin crypto fund catering to institutional investors.
Leading asset manager Franklin Templeton is once again in the news for all the best reasons for crypto. A prominent economic daily has claimed the fund manager could soon launch an altcoin crypto fund. The crypto fund would likely focus on institutional investors. The market is already abuzz with funds concerning Bitcoin and Ether. This new crypto fund investing in altcoins could improve the crypto investing landscape for the better.
Furthermore, this news comes as a positive development amidst rising speculation about a Solana ETF. Meanwhile, the fund would reportedly also offer staking benefits to investors. As an asset management firm, Franklin Templeton has contributed to crypto adoption with its spot Bitcoin ETF.
The firm, a financial behemoth with over $1.4 trillion in assets under management, has emerged as a significant player in the world of crypto. In this direction, it has also stressed about the underlying potential of blockchain technology and digital assets. It was done by its CEO, who recently spoke about the crypto sector’s potential.
Besides, it also submitted a proposal a few months back with other applicants for a spot ether ETF. The emergence of spot crypto ETFs across the globe is touted to exponentially increase crypto adoption. In this journey, Franklin Templeton has specified its willingness to occupy an important space.
Even in 2023, a senior executive of the firm had conveyed the same to the media. The executive, Sandy Kaul, was highly bullish on the way crypto and blockchain could shape financial services in the future.
As the crypto industry continues to mature, Franklin Templeton’s innovative approach positions them as a key player in shaping the future of this industry. At the same time, other players like BlackRock and Fidelity have also emerged as major contributors to crypto.
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