Franklin Templeton considers new altcoin-focused crypto fund

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Franklin Templeton considers new altcoin-focused crypto fund
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Franklin Templeton is reportedly considering a private fund dedicated to altcoins for institutional investors.

a private fund to expose institutional investors to altcoins. The fund would also offer staking rewards, the report says, citing sources familiar with the matter.Franklin Templeton manages approximately $1.64 trillion in assets as of March 2024. This figure places the asset manager among the largest investment management firms globally.

Franklin is also one of the proponents of a spot Ether ETF, recently approved by the United States Securities and Exchange Commission . The ETF is currently waiting for the agency’s clearance to launch.

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