Franklin Templeton May Launch a New Crypto Fund Based on Altcoins
Main page News, Altcoins

As reported by The Information yesterday, investment management firm Franklin Templeton is considering launching a new crypto fund for institutional investors that will focus on altcoins.

The fund would be private and would also offer staking rewards, according to sources familiar with the matter.

While it is unclear which altcoins would be included in the fund, Franklin Templeton recently praised the growth of the Solana network.

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With approximately $1.64 trillion in assets under management as of March 2024, Franklin Templeton is considered one of the largest investment management firms globally.

The firm already participates in the cryptocurrency space through several funds, including a spot Bitcoin exchange-traded fund that launched in January.

Franklin Templeton also plans to launch a spot Ether ETF.

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