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Franklin Templeton Considers New Crypto Fund Investing In Assets Beyond Bitcoin And Ethereum

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Franklin Templeton
Franklin Templeton

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Fund management giant Franklin Templeton is considering launching a new crypto fund that would invest in assets in addition to Bitcoin and Ethereum.

That’s according to a report by The Information, which said the new fund could potentially also include staking rewards for institutional investors.

Franklin Templeton, which has $1.6 trillion in assets under management, has already dipped its toes into crypto with the launch earlier this year of a spot Bitcoin ETF (exchange-traded fund). It is also among the applicants awaiting the final approvals for spot Ether ETFs.

Is Solana Next On Wall Street?

The crypto market has been abuzz with speculation on the next altcoin chosen by Wall Street to be wrapped into an ETF after the US securities regulator approved spot ETH ETFs.

Solana has been getting the most attention as it is popularly known as the “Ethereum rival.” Earlier this year, Franklin Templeton praised the growth of the Solana network, saying it had attained a powerful use case for decentralized applications.

Last month, head of Standard Chartered Bank crypto research Geoffrey Kendrick said that Solana might be joining Bitcoin and Ether ETFs on Wall Street in 2025.

In February, Ripple CEO Brad Garlinghouse told Bloomberg that ”it simply makes sense” to introduce an XRP ETF, and that it is inevitable that there will be additional crypto ETFs.  

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