Franklin Templeton Turned His Eyes to Altcoins After Bitcoin and ETH ETF!

It was shared that the American investment fund Franklin Templeton, whose value exceeds 1.5 trillion dollars, is preparing to apply for the registration of a new crypto asset product with the US Securities and Exchange Commission (#SEC ) in the coming period.

Franklin Templeton, a company that has recently applied to the SEC for a spot Bitcoin and Ethereum ETF and received approval, seems to have turned its attention to altcoins as of now.

The new spot exchange-traded fund will be different from the existing Bitcoin and Ethereum-based ETFs on the market. The product is expected to offer market participants the opportunity to invest in altcoins and have a staking function.

Franklin Templeton's spot #Bitcoin ETF, EZBC, currently ranks ninth among BTC ETFs in terms of funds under management.

The EZBC ETF has raised more than $435 million from institutional funds. Franklin Templeton is also among the companies whose Form 19b-4 filings for the #ETH #ETF have been approved by the regulator.

Representatives of the company claim that the new altcoin product with staking function will attract even more investors and expect the SEC to approve the application in the near future.

Previously, Franklin Templeton experts said that #Solana (SOL) could be among the top 3 crypto assets in terms of market value.
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