One week after the approval of spot Bitcoin ETFs, the asset management company Franklin Templeton begins to show interest in altcoins, including Ethereum and Solana.
Wednesday, January 17, through a series of tweets, the investment firm Franklin Templeton shared its interest in the blockchains of Ethereum and Solana, sparking speculation about the fund’s next moves. According to the company’s digital asset research team, these two cryptocurrencies have the potential for growing adoption.
Positive outlook on Ethereum and Solana
Franklin Templeton has expressed its interest in Ethereum and its ecosystem. The company has highlighted several factors it believes contribute positively to the Ethereum ecosystem, including the well-known Ethereum Improvement Proposal (EIP) 4844, developments in alternative data accessibility (Alt DA), community revitalization, and restaking.
A few minutes later, the company expressed admiration for the Solana blockchain, showcasing its appreciation for the vision of Anatoly Yakovenko, co-founder of Solana Labs. According to the asset management company, projects such as DePIN, meme coins, NFTs, DeFi, and Firedancer are deemed crucial in bringing increased transaction activity to the Solana blockchain.
The X account of Franklin Templeton ultimately stated that the company believes that other blockchains besides Bitcoin, Ethereum, and Solana have growth potential.
Reactions from the Bitcoin community
The series of tweets from Franklin Templeton has sparked reactions from the Bitcoin community.
In response to a tweet thanking the company’s digital asset research team, user @WalkerAmerica suggests firing the team members, stating that their promotion of shitcoins will cause the company to lose money.
In response to the tweet expressing interest in Solana, user @sthenc states:
Due to the promotion of alternative coins to Bitcoin, other users like @Vivek4real_ request the X profile of Franklin Templeton to remove the laser eyes:
