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Franklin Templeton, $1.5 Trillion Asset Manager, Considers Launching New Crypto Fund for Solana, XRP, and Shiba Inu

Franklin Templeton Eyes Altcoin-Focused Crypto Fund

Franklin Templeton, a $1.64 trillion Wall Street asset manager, is considering launching a new private fund focused on altcoins such as Solana, XRP, Shiba Inu, and Cardano. This move comes after the recent approval of regulatory filings related to spot Ether ETF applications by the U.S. Securities and Exchange Commission.

The new fund, targeting institutional investors, will venture beyond the traditional Bitcoin and Ethereum investments that Franklin Templeton has been known for. The company has shown confidence in the growth potential of altcoins, despite regulatory uncertainties surrounding their classification as unregistered securities.

In a recent announcement, Franklin Templeton expressed interest in offering staking rewards to investors through the new altcoin fund. This decision aligns with the company’s goal of expanding its crypto assets business globally, especially in light of the success of similar financial instruments offered by competitors like BlackRock and Fidelity.

With the crypto market evolving rapidly and institutional interest on the rise, Franklin Templeton’s move to explore alternative investment options beyond Bitcoin and Ethereum signals a strategic shift in the asset management firm’s approach to digital assets. Investors will be watching closely to see how this new fund performs in the ever-changing landscape of the cryptocurrency market.

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