Franklin Templeton Considers Altcoin-Focused Cryptocurrency Fund

Franklin Templeton is set to revolutionize the cryptocurrency investment landscape with a new altcoin-focused fund.

Stay tuned as Franklin Templeton, managing over $1.64 trillion in assets, gears up for its next big move in digital asset management.

Exploring Staking Rewards

Franklin Templeton, a leading American asset management company, is considering launching a new cryptocurrency fund focused on altcoins, excluding Bitcoin and Ethereum.

This potential move aims to offer investment opportunities in altcoins to institutional investors.

According to a report by "The Information," Franklin Templeton is exploring the launch of a private fund that would provide investment opportunities in altcoins for institutional investors.

Although the specific altcoins included in the new cryptocurrency fund's portfolio have not been disclosed, it is reported that the fund is considering offering staking rewards.

Late last month in the United States, all eight Ethereum spot ETF 19b-4 filings submitted by companies, including Franklin Templeton, were approved. However, the staking-related language was removed from these ETF filings, which has drawn attention to this latest news.

Past Praise for Solana (SOL)

Regarding potential investments in cryptocurrencies, Franklin Templeton's digital asset research team praised "BTC, ETH, and SOL" in January of this year, raising expectations that Solana (SOL) might be included.

Additionally, Franklin Templeton's CEO, Jenny Johnson, revealed late last year that she personally holds BTC, ETH, UNI, and SUSHI.

As one of the world's largest investment management companies, with assets under management exceeding $1.64 trillion, Franklin Templeton's forthcoming updates and official announcements are highly anticipated.

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