Cryptocurrencies Could Join Mainstream Portfolios Amid Regulatory Clarity, Franklin Templeton Predicts
Cryptocurrencies could soon become conventional parts of investors’ portfolios, provided the regulatory landscape in the U.S. becomes clear, according to asset management giant Franklin Templeton, which oversees over $1.4 trillion in assets. Currently, investors have the option to purchase cryptocurrencies directly, but the avenues for incorporating these digital assets into traditional portfolios remain limited, noted Sandy Kaul, head of digital asset and industry advisory services at Franklin Templeton. Earlier this month, BlackRock, the world’s largest asset manager, led the charge by filing an application for a Bitcoin-backed exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). Following BlackRock’s