Franklin Templeton wants a crypto fund beyond BTC/ETH

American financial firm Franklin Templeton, which manages over $1 trillion, is reportedly exploring entering cryptocurrency markets other than Bitcoin. Franklin Templeton is considering introducing a cryptocurrency fund that invests in tokens other than Bitcoin and Ethereum, according to unnamed sources.

The Franklin Templeton spot bitcoin ETF has around $350 million in AUM. This data comes from Block Data Dashboard research. The business also aims to file a spot ether ETF to extend its cryptocurrency activities. They want to diversify beyond bitcoins with this strategy.

Staking rewards may offer a new dimension to bitcoin investing with the future fund. Franklin Templeton's spot Ethereum ETFs were authorized in recent weeks without this, indicating they may provide something different.

Franklin Templeton's spot Bitcoin ETF has promise, but BlackRock and Fidelity outperform it. Franklin Templeton persists and seeks methods to develop its bitcoin companies in the US and abroad.

These reports have not been addressed by Franklin Templeton management. The Block has asked the corporation for a response, but it has not responded.

As established investing firms show growing interest in cryptocurrencies, Franklin Templeton's action is symptomatic of a wider financial industry shift. Digital asset prices have increased, providing diversity and new investment opportunities in the changing financial landscape.


Franklin Templeton, founded in 1947 and experienced in managing multiple asset kinds, might dominate this burgeoning sector. As it pursues this possibility, the business might set a path for conventional financial institutions to embrace and invest in complicated cryptocurrency products. These assets may become popular in professional asset management.

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