Investment company Franklin Templeton is exploring the possibility of launching an exchange-traded cryptocurrency product (ETP) in Europe. According to ETF Stream, there are currently no specific plans for the implementation of a cryptocurrency ETP; however, the company is closely monitoring changes in market regulations and is prepared to offer such products to its clients if they align with their demands.
This is reported by Business • Media
Representatives from Franklin Templeton noted that the firm is continually analyzing opportunities to launch innovative products across all asset classes. It is important to highlight that Franklin Templeton manages assets totaling $1.6 trillion, and its ETFs in the U.S. have assets of $811 million, with the largest fund being the spot Bitcoin ETF (EZBC), which has $415 million under management.
Competition in the Crypto Fund Market
It is worth noting that on March 18, 2025, iShares, a subsidiary of BlackRock, launched a Bitcoin ETP in Europe, which is traded on the Xetra and Euronext exchanges under the tickers IB1T and BTCN. Additionally, at the end of 2024, Bitwise released a new product under the ticker BSOL — an exchange-traded fund based on Solana with staking capabilities and a yield of up to 6.48%.