Franklin Templeton Eyes European Crypto ETP Market
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AltcoinsBitcoinOthers Franklin Templeton has set its sights on launching a cryptocurrency exchange-traded product (ETP) in Europe, according to the information. This follows BlackRock’s recent entry into the market with a BTC ETP, marking a significant step in the growing institutional interest in digital assets. As demand for crypto products continues to rise, Franklin Templeton could soon join other traditional asset managers in embracing the emerging cryptocurrency space. The company’s interest comes at a time when institutional investors are showing increased enthusiasm for digital currencies, despite the volatility seen in recent months. Franklin Templeton’s Existing Crypto Offerings With $1.6 trillion in assets, Franklin Templeton already manages an $811 million crypto ETF in the United States. Its flagship product, the Franklin Bitcoin ETF (EZBC), holds $415 million in assets, demonstrating the company’s existing commitment to the crypto sector. While Franklin Templeton has not made any immediate moves, a representative confirmed that the firm is closely monitoring the regulatory landscape in Europe. The company has stated that the potential launch of a European crypto ETP is not immediate, but it could soon become a reality to meet the growing needs of its clients. Investor Interest in Crypto ETPs Remains Strong Despite some setbacks in the cryptocurrency market, including a drop in Bitcoin’s value from its January peak and Ethereum’s significant decline, interest in cryptocurrency ETPs remains robust. A recent survey by Focal Data found that 75% of professional investors are interested in investing in a bitcoin ETP over the next two years. This suggests strong demand for regulated, secure investment vehicles in the digital asset space, even in the face of price fluctuations. Source Author Kosta Gushterov Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to…
Filed under: News - @ April 2, 2025 3:28 pm