{"id":3541,"date":"2024-06-10T02:06:05","date_gmt":"2024-06-10T02:06:05","guid":{"rendered":"https:\/\/solanacrypto.news\/2024\/06\/10\/franklin-templeton-considers-new-crypto-fund-investing-in-assets-beyond-bitcoin-and-ethereum\/"},"modified":"2024-06-10T02:06:05","modified_gmt":"2024-06-10T02:06:05","slug":"franklin-templeton-considers-new-crypto-fund-investing-in-assets-beyond-bitcoin-and-ethereum","status":"publish","type":"post","link":"https:\/\/solanacrypto.news\/2024\/06\/10\/franklin-templeton-considers-new-crypto-fund-investing-in-assets-beyond-bitcoin-and-ethereum\/","title":{"rendered":"Franklin Templeton Considers New Crypto Fund Investing In Assets Beyond Bitcoin And Ethereum"},"content":{"rendered":"
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Join Our Telegram <\/a><\/u>channel to stay up to date on breaking news coverage<\/p>\n<\/div>\n<\/div>\n<\/div>\n

Fund management giant Franklin Templeton is considering launching a new crypto fund that would invest in assets in addition to Bitcoin and Ethereum.<\/p>\n

That\u2019s according to a report<\/a> by The Information, which said the new fund could potentially also include staking rewards for institutional investors.<\/p>\n

Franklin Templeton, which has $1.6 trillion in assets under management, has already dipped its toes into crypto with the launch earlier this year of a spot Bitcoin ETF (exchange-traded fund). It is also among the applicants awaiting the final approvals<\/a> for spot Ether ETFs.<\/p>\n

Is Solana Next On Wall Street?<\/h2>\n

The crypto market has been abuzz with speculation on the next altcoin chosen by Wall Street to be wrapped into an ETF after the US securities regulator approved spot ETH ETFs.<\/p>\n

Solana has been getting the most attention as it is popularly known as the \u201cEthereum rival.\u201d Earlier this year, Franklin Templeton praised the growth of the Solana network, saying it had attained a powerful use case for decentralized applications.<\/p>\n

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On Solana, we see Anatoly\u2019s vision of a single atomic state machine as a powerful use case of decentralized blockchains, lowering information asymmetry. And we are impressed by all the activity seen on Solana in Q4 2023
-DePIN
-DeFi
-Meme coins
-NFT innovation
-Firedancer<\/p>\n

\u2014 Franklin Templeton (@FTI_US) January 17, 2024<\/a><\/p>\n<\/blockquote>\n

Last month, head of Standard Chartered Bank crypto research Geoffrey Kendrick said<\/a>\u00a0that Solana might be joining Bitcoin and Ether ETFs on Wall Street in 2025.<\/p>\n

In February, Ripple CEO Brad Garlinghouse told Bloomberg that \u201dit simply makes sense\u201d to introduce an XRP ETF, and that it is inevitable that there will be additional crypto ETFs.\u00a0\u00a0<\/span><\/p>\n

Also Read:<\/h3>\n
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PlayDoge (PLAY) – Newest ICO On BNB Chain<\/p>\n<\/p><\/div>\n

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\n \"PlayDoge\"