Franklin Templeton, a renowned trillion-dollar asset management firm established by Benjamin Franklin, is set to introduce a new cryptocurrency fund that will focus on investing in various digital assets beyond Bitcoin and Ethereum.
According to sources familiar with the matter, the company is planning to launch a unique crypto fund that will not only include Bitcoin and Ethereum but also other alternative cryptocurrencies. While competitors like BlackRock and Fidelity have already entered the market with Bitcoin ETFs and are considering Ethereum ETFs, Franklin Templeton aims to stand out by offering investors access to a diverse range of altcoins.
The new fund, designed to cater to institutional investors, will be structured as a private fund. This innovative approach by Franklin Templeton signifies a bold move into the cryptocurrency space, providing opportunities for investors to diversify their portfolios beyond the traditional offerings of Bitcoin and Ethereum.
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