Post-XRP ETF launch, Franklin Templeton sees diversified crypto portfolios as the next big thing

Roger Bayston, Franklin Templeton's Head of Digital Assets, indicated that while single-asset ETFs like the recently launched XRP ETF are currently popular, the firm is already looking ahead to offering clients packaged investments comprising a diversified portfolio of cryptocurrencies. Bayston pointed to Franklin Templeton's existing EZPZ fund, which holds both Bitcoin and Ether, as an example of this diversified strategy. This shift towards diversification is anticipated within the next year, as the market expects a proliferation of new crypto ETFs, potentially exceeding 100 in the next six months, according to Bloomberg analyst Eric Balchunas. Experts suggest that traditional finance investors will favor a diversified, 'shotgun approach' to the emerging asset class rather than navigating numerous single tokens.

(Source：The Block)