Asset manager Franklin Templeton is considering a new altcoin fund
Investment manager Franklin Templeton is considering launching a new private fund to expose institutional investors to altcoins and offer staking rewards, expanding beyond its current Bitcoin (BTC) and Ethereum (ETH) funds.
The company, which is actively involved in the crypto space, already offers several funds, including spot Bitcoin The ETF launched in January.
Although the specific altcoins for the new fund are not detailed described , Franklin Templeton praised the growth of the Solana network and Anatoly Yakovenko's vision for decentralized blockchain projects.
In addition, the asset manager supports spot Ethereum ETF that recently received a partial OK by the SEC, with a fee set at 0.19% in its updated S-1 filing.
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BRICS: The crisis for US banks deepensThis $357 million fund is the first US-registered mutual fund to use a public blockchain for transactions and ownership facilitated by Zero Hash.
A mutual fund refers to an investment fund that pools money from multiple investors to buy stocks, bonds, or other securities.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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