Franklin Templeton has just launched the XRP ETF and recorded over 60 million USD in capital flow on the first trading day. However, the Director of Digital Assets, Roger Bayston, stated that the next step will be “basket asset” ETFs, rather than just focusing on individual tokens.
Bayston believes that single-asset ETFs remain attractive, but in the coming year, demand is likely to shift towards a diverse crypto portfolio. He emphasized that Franklin Templeton's strategy has long aimed for “diverse exposure,” with the example being the EZPZ fund holding both Bitcoin and Ether.
The new crypto ETF boom is supported by Bloomberg's forecast that there will be more than 100 new crypto ETFs in the next 6 months. As of last month, there have been more than 150 digital asset ETF filings tracking 35 different types of tokens, including leveraged funds and funds with staking components — driven after the SEC approved the new listing standards.
The advantages of multi-asset ETFs are also supported by traditional asset managers such as T. Rowe Price, as they have also filed for the first crypto ETF.
Franklin Templeton currently manages 501 million USD through Bitcoin ETFs and 65 million USD through Ethereum ETFs, out of a total of 1.7 trillion USD in assets under management across the company.
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