Franklin Templeton, a leading American investment firm managing over $1.5 trillion in assets,

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is reportedly planning to seek approval from the US Securities and Exchange Commission (SEC) for a novel cryptocurrency investment vehicle. Following their recent SEC approval for a Bitcoin and Ethereum ETF, the company appears to be shifting focus towards altcoins. The proposed exchange-traded fund will distinguish itself by offering exposure to a variety of altcoins along with a staking feature, setting it apart from existing BTC and ETH-based ETFs. Franklin Templeton's Bitcoin ETF, EZBC, has garnered significant institutional interest, amassing over $435 million in funds, currently ranking ninth among BTC ETFs. Moreover, the company's Form 19b-4 filings for an Ethereum ETF have been greenlit by regulators. Company representatives anticipate that the new altcoin product, coupled with staking functionality, will further broaden investor participation, expressing optimism for SEC approval in the near term. Earlier insights from Franklin Templeton experts suggested that Solana (SOL) could emerge as one of the top three crypto assets by market capitalization.