Franklin Templeton Eyes $1.6 Trillion Crypto Fund for Institutional Investors Beyond Bitcoin and Ethereum

Jun 6, 2024, 02:55 PM

Franklin Templeton, a $1.6 trillion asset manager, is reportedly exploring the launch of a new crypto fund that will invest in a range of tokens beyond Bitcoin and Ethereum. This move signifies a deeper foray by traditional financial firms (TradFi) into the crypto universe, particularly altcoins. The fund is aimed at institutional investors, reflecting a growing interest in diversifying crypto investments beyond the major cryptocurrencies. This also marks a significant step in the institutional adoption of altcoins.