New Altcoin Initiative from Franklin Templeton, whose Bitcoin and Ethereum ETF has been Approved!

Named after founder Benjamin Franklin, 77-year-old trillion-dollar asset manager Franklin Templeton plans to launch a new crypto fund that will invest in other cryptocurrencies beyond Bitcoin and Ethereum.

According to The Informationastion, people with direct knowledge of the matter said the company is exploring launching a new crypto fund that would invest in a number of altcoins beyond Bitcoin and Ethereum.

While some traditional asset managers such as BlackRock and Fidelity have launched spot Bitcoin ETFs and are planning an #Ethereum ETF going forward, Franklin Templeton will take an unconventional approach in offering access to other altcoins in addition to #BTC and #ETH , sources said. .

Sources said the new fund will be structured as a private fund that appeals to institutional investors.
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