Altcoin Good News from a 1.6 Trillion Dollar Company: New Investment Doors Are Opening!

Franklin Templeton, which manages assets worth $1.6 trillion, is turning to the altcoin market.

According to the information provided by The Information, Franklin Templeton turned his attention to other cryptocurrencies after Bitcoin (BTC) and Ethereum (ETH).

New investment door for altcoins

Franklin Templeton currently manages a spot Bitcoin ETF with more than $350 million in assets. The company also applied to the US Securities and Exchange Commission (SEC) to establish a spot Ethereum ETF.

Working with the proof-of-stake (PoS) mechanism, Ethereum provides periodic returns to users who stake ETH. However, in line with the demands of the SEC, there will be no staking income in Ethereum ETFs. It is thought that Ethereum can be described as a security if staking returns are included.

Allegedly, Franklin Templeton plans to include staking returns in the ETFs he plans to establish for other altcoins.

Franklin Templeton management has not yet made an official statement on the issue.

May leave the US market

Franklin Templeton's Bitcoin ETF remains smaller compared to other issuers such as BlackRock and Fidelity.

According to the information provided, Franklin Templeton plans to expand to other markets as well as the US market.

Founded in 1947, Franklin Templeton manages assets worth a total of $1.6 trillion, according to the information on its website. The company also has more than 110 funds.

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