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In the cryptocurrency market, notable rises led by Bitcoin and Ethereum are making headlines while steps continue to be taken towards the sector. Bitcoin ETF funds are providing a lifeline to the market, and with the approval of Ethereum ETF applications, investment steps are being taken. Accordingly, the US-based asset management firm Franklin Templeton aims to take a significant step.
Franklin Templeton’s Major Step
One of the world’s leading asset management firms, Franklin Templeton, aims to launch a new fund that will invest in a series of crypto assets. According to the announced process, this fund will go beyond Bitcoin and Ethereum. With the rise in the crypto market, steps towards the sector continue to be brought to the agenda.
The institutional investment process that started with Bitcoin ETF funds continues to gain momentum recently, and with the approval of Ethereum ETF funds, many asset management institutions continue to make significant strides. While it is not yet known when Ethereum ETF funds will be launched, such steps by asset management institutions continue to increase risk appetite.
