16 Trillion Asset Manager Franklin Templeton Considering Altcoins for Investment Shiba Inu and XRP Show Potential for Growth

Franklin Templeton is gearing up to introduce a new altcoin fund to expand its presence in the crypto space.
Although the specific tokens have not been announced yet, Shiba Inu and XRP are being considered for inclusion.
With $1.6 trillion in assets under management, Franklin Templeton is exploring the possibility of investing in alternative cryptocurrencies beyond Bitcoin (BTC) and Ethereum (ETH). This potential move has generated excitement among market analysts regarding the growth potential of Shiba Inu (SHIB) and XRP.
Insider sources have revealed that Franklin Templeton is mulling over the launch of a new altcoin fund focused on cryptocurrencies. If the proposal goes through, the asset manager may also incorporate staking rewards into the fund.
The decision by Franklin Templeton to venture into altcoin investments is in line with the trend of traditional financial institutions entering the crypto market. The asset manager recently entered the spot Bitcoin Exchange-Traded Fund (ETF) space, tokenized assets, and is one of the approved applicants for a spot Ethereum ETF.
Franklin Templeton’s spot Bitcoin ETF (EZBC), launched in collaboration with BlackRock and Grayscale Investments, has been successful, attracting over $350 million in inflows.
The asset manager’s exploration of asset tokenization began with a US government bond fund on the Stellar (XLM) network, following similar initiatives by BlackRock. This move underscores Franklin Templeton’s commitment to leveraging blockchain technology to enhance financial services.
While the specific altcoins for the new fund have not been revealed, there is anticipation within the crypto community that SHIB and XRP may be included due to their large market capitalization and popularity.
XRP, in particular, is seen as a strong contender for regulatory approval for a spot ETF, as indicated by Ripple’s President Monica Long. On the other hand, SHIB has experienced a surge in activity recently, with millions of tokens being burned from the ecosystem, signaling efforts to enhance its value.
Despite a recent price drop, SHIB continues to show potential for recovery, especially if included in Franklin Templeton’s altcoin fund. Similarly, XRP could see a bullish trend in the long term, supported by increased adoption and trading volume.