Franklin Templeton, the 77-year-old trillion-dollar asset manager named after founder Benjamin Franklin, plans to launch a new crypto fund that will invest in other cryptocurrencies beyond Bitcoin and Ethereum.
The company is exploring launching a new crypto fund that would invest in a range of altcoins beyond Bitcoin and Ethereum, people with direct knowledge of the matter said, The Informationastion reported.
While some traditional asset managers such as BlackRock and Fidelity have launched spot Bitcoin ETFs and are planning an Ethereum ETF going forward, Franklin Templeton will take an unconventional approach in offering access to other altcoins in addition to BTC and ETH, sources said. .
Sources said the new fund will be structured as a private fund that appeals to institutional investors.
*This is not investment advice.
