Franklin Templeton, the 77-year-old trillion-dollar asset supervisor named after founder Benjamin Franklin, plans to launch a brand new crypto fund that can put money into different cryptocurrencies past Bitcoin and Ethereum.
The corporate is exploring launching a brand new crypto fund that may put money into a spread of altcoins past Bitcoin and Ethereum, folks with direct information of the matter mentioned, The Informationastion reported.
Whereas some conventional asset managers corresponding to BlackRock and Constancy have launched spot Bitcoin ETFs and are planning an Ethereum ETF going ahead, Franklin Templeton will take an unconventional method in providing entry to different altcoins along with BTC and ETH, sources mentioned. .
Sources mentioned the brand new fund shall be structured as a non-public fund that appeals to institutional buyers.
*This isn’t funding recommendation.