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.