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Franklin Templeton launches new crypto fund by end of 2024?
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Resolution / Starting Odds
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No • 50%
Official announcement from Franklin Templeton or verified financial news outlets
Story
Franklin Templeton to Launch $1.6 Trillion Crypto Fund Beyond Bitcoin and Ethereum
Jun 6, 2024, 02:21 PM
Franklin Templeton, a $1.6 trillion asset manager, is reportedly exploring the launch of a new crypto fund. This fund will invest in a range of tokens beyond Bitcoin (BTC) and Ethereum (ETH), marking a significant move for traditional finance (TradFi) firms into the broader crypto universe. The initiative highlights how established financial institutions, including Franklin Templeton's $1.5 trillion AUM investment firm FTI_US, are increasingly looking to diversify their investment portfolios by including alternative digital assets.
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