Please note: Most, if not all, of the articles published at this website were completed by Chat GPT (chat.openai.com) and/or copied and possibly remixed from other websites or Feedzy or WPeMatico or RSS Aggregrator or WP RSS Aggregrator. No copyright infringement is intended. If there are any copyright issues, please contact: bicycledays@yahoo.com.
Based in San Mateo, the prominent investment management firm, Franklin Templeton, has been actively posting about digital assets on social media following the recent approval of its new spot bitcoin exchange-traded fund (ETF). The firmβs U.S. X account now sports a modified logo featuring Benjamin Franklin with laser eyes. This Wednesday, the account prominently recognized both Ethereum and the Solana blockchains, further expressing that it was βimpressedβ by the Solana networkβs activity in the fourth quarter.
Franklin Templeton Applauds Crypto, Ethereum, and Solana
Since its ETF launch, Franklin Templeton, as of Jan. 17, 2024, oversees 1,160 BTC, as reported by the EZBC web portal. This marks a 2.56% increase in its bitcoin (BTC) holdings, up from 1,131 BTClast Friday. Throughout the past week, the company, managing $1.5 trillion in assets under management (AUM), has been actively posting about digital assets and sharing memes.
On Thursday, Franklin Templetonβs X account praised blockchain technology. βWe believe as blockchains improve in fees and performance, the potential use cases that are unlocked grow exponentially,β the investment manager said. βImproving the economics and experience for the end user cannot be overstated.β In another X post, Franklin Templeton wrote, βOther L1s outside of [Bitcoin, Ethereum, and Solana] have massive potential, and we are continuing to support, monitor, and develop on these networks as they grow and mature.β
While it launched a BTC ETF, Franklin Templeton lauded Ethereum and Solana as well. βWe are excited about ETH and its ecosystem. Despite the midlife crisis itβs recently experienced, we see a bright future with many strong tailwinds to push the Ethereum ecosystem forward,β the firm remarked on X while also mentioning some of ETHβs pros. As far as Solana, the asset manager said it was βimpressedβ by the layer one (L1) blockchain. The company stated:
On Solana, we see Anatolyβs vision of a single atomic state machine as a powerful use case of decentralized blockchains, lowering information asymmetry. And we are impressed by all the activity seen on Solana in Q4 2023.
Moreover, the firmβs X account expressed criticism towards private blockchains, stating, βPrivate blockchains are a rehypothecation of the intermediary.β Indeed, the firmβs social media presence has recently taken a slightly divergent path, actively sharing its perspectives on the digital asset ecosystem. βIn crypto, speculation is a feature, not a bug,β the asset manager said in another X post. Franklin Templeton also touched upon Bitcoinβs Ordinals and layer two solutions.
βOrdinals [and] Layer 2 solutions on Bitcoin shouldnβt be ignored. These are vital to solving Bitcoinβs economic security problem and increasing BTCβs utility as a SoV,β the companyβs social media account wrote. βCrypto is improving how we interact with each other financially, just as the internet did with information. We intend to participate and lead the development of this future through investing and building,β another social media post explains.
What do you think about Franklin Templetonβs X posts about blockchains, Ethereum, and Solana? Share your thoughts and opinions about this subject in the comments section below.
