altcoins

Franklin Templeton Explores Launch of Crypto Fund for Institutional Investors

The Big Whale

— 1 min read
  • Franklin Templeton plans altcoin-focused crypto fund for institutional investors with potential staking rewards.
  • The fund expands beyond Bitcoin and Ethereum, signaling comfort with altcoins.
  • The asset manager manages $1.6 trillion in assets and is actively involved in the crypto space.
  • Franklin Templeton offers spot Bitcoin ETF and applied for spot Ether ETF.
  • The company allows investors to use USDC stablecoin for investments in its money market fund.
  • The new fund may offer staking rewards, targeting institutional investors beyond the U.S.

Summary :
Asset manager Franklin Templeton is reportedly exploring the launch of a new crypto fund that would target institutional investors. The fund would invest in cryptocurrencies beyond Bitcoin and Ethereum and may also offer staking rewards. Franklin Templeton, which manages around $1.6 trillion in assets, has already launched a spot Bitcoin ETF and has applied for a similar offering for Ethereum. The move comes after the recent approval of spot Ethereum ETFs by the SEC, signaling a potential opening for other altcoins in the US financial markets.

Sources :

- Decrypt
- CoinTelegraph
- Coindesk
- TheBlock

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