Crypto:
30188
Bitcoin:
$69.600
% 5.12
BTC Dominance:
%54.4
% 0.13
Market Cap:
$2.44 T
% 3.67
Fear & Greed:
74 / 100
Bitcoin:
$ 69.600
BTC Dominance:
% 54.4
Market Cap:
$2.44 T

Franklin Templeton Eyes New Crypto Fund Launch

Franklin Templeton

Franklin Templeton, is an asset manager founded in 1947 and an issuer of a spot bitcoin ETF in the U.S. It has more than $1 trillion in assets under management., is considering the launch of a new crypto fund that would invest in tokens other than BTC and ETH, according to The Information, which cited anonymous sources.

Besides its spot bitcoin ETF, which has more than $350 million under management, according to The Block Data Dashboard, the company has also applied to list a spot ether ETF.

With this new crypto fund, if launched, Franklin Templeton is considering offering staking rewards as part of the fund, the report said. When spot Ethereum ETFs gained initial approval last month, staking rewards were not included in the proposed financial instruments.

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Franklin Templeton did not immediately respond to The Block’s request for comment.

While Franklin Templeton’s spot bitcoin ETF’s success pales in comparison to the products offered by BlackRock and Fidelity, the firm is keen to expand its digital assets business outside the U.S., according to the report.

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