Franklin Templeton, a renowned trillion-dollar asset manager founded by Benjamin Franklin, is set to introduce a new cryptocurrency fund that will not only include Bitcoin and Ethereum but also invest in other cryptocurrencies.
According to reports from The Information, Franklin Templeton is planning to launch a crypto fund that will focus on a variety of altcoins in addition to the popular BTC and ETH. While competitors like BlackRock and Fidelity have ventured into spot Bitcoin ETFs and are considering Ethereum ETFs, Franklin Templeton is taking a unique approach by offering exposure to a diverse range of altcoins.
Sources suggest that the new fund will be designed as a private fund targeting institutional investors. This move signifies Franklin Templeton’s commitment to expanding its cryptocurrency offerings beyond the mainstream assets like Bitcoin and Ethereum.
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