Franklin Templeton is reportedly considering a private fund for institutional investors dedicated to altcoins.
Asset manager Franklin Templeton is exploring a new crypto fund for institutional investors, expanding its offerings beyond Bitcoin (BTC) and Ether (ETH).
According to a June 6 report from The Information, the mutual fund is considering a private fund to expose institutional investors to altcoins. The fund would also offer staking rewards, the report says, citing sources familiar with the matter.
The report does not mention which altcoins would compose the fund’s basket, but the asset manager has recently praised the Solana network’s growth in 2024. According to analytics firm Messari, in the first quarter of 2024, Solana’s spot decentralized exchange volume increased by 319% to $1.5 billion from the previous quarter.
