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Wall Street asset manager Franklin Templeton is considering launching a new altcoin-focused cryptocurrency fund.
The private fund will target institutional investors and could potentially offer staking rewards, according to a report on Thursday. information It quotes people with direct knowledge of the plans.
Franklin Templeton, an American financial mogul who manages approximately $1.6 trillion in assets, is no stranger to cryptocurrencies. The company has been involved in digital assets since 2018. it fired Spot Bitcoin ETF It will be one of the first issuers recently approved in January. Spot Ethereum ETF.
As it moves beyond the two blue-chip cryptocurrencies and dives into the altcoin space, the Wall Street giant appears to be giving comfort to a type of token that the U.S. Securities and Exchange Commission (SEC) has long maintained. airtight As an unregistered security.
But Thursday’s move was decidedly due to sudden action by the SEC. approval Number of Spot Ethereum ETFs Last Month – Regulators airtight Ethereum has been internally unregistered and secure for over a year. Experts turned to signal that the floodgates were open. predicted Other altcoins will soon be integrated into the U.S. financial markets.
Editor: Andrew Hayward
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