TechFlow, April 2 — According to ETF Stream, Franklin Templeton is considering launching cryptocurrency exchange-traded products (ETPs) in the European market. The asset manager, which oversees $1.6 trillion in assets, already has $811 million in cryptocurrency ETFs in the United States, with its largest product, the Franklin Bitcoin ETF (EZBC), managing $415 million.
A company spokesperson said that while plans for European cryptocurrency ETPs are not yet "imminent," the firm is "monitoring and engaging with the evolving regulatory frameworks in Europe and other regions to develop crypto products that best meet client needs."
This move would make Franklin Templeton the latest traditional asset manager to enter the European digital asset space, following BlackRock. Notably, Franklin Templeton was approved last year to launch Luxembourg’s first tokenized UCITS fund, highlighting its innovation in digital assets.
The current European cryptocurrency ETP market stands at $14.5 billion, significantly smaller than the $110.4 billion U.S. market.
