Which Whales invest in ETH and SOL after Bitcoin ETF launches?
Franklin Templeton, a global investment firm, recently launched one of its new Bitcoin ETFs in the United States. But the following move caught the attention of the Crypto community. Recently, the company added a laser eye image in its avatar, showing its absolute support and commitment to Bitcoin. However, subsequent actions have drawn criticism from the community known as Bitcoin maximalists (those who support exclusive use of Bitcoin). This comes after the giant showed interest in Ethereum (ETH) and Solana (SOL) in a series of recent posts on X (formerly Twitter). In addition to Bitcoin, Ethereum and Solana, Franklin Templeton also mentioned great potential for other layer-1 blockchain networks. They mentioned that they will monitor and support these networks as they develop and mature
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Laser-eyed Bitcoin advocates are famous for their self-talk and self-praise of BTC, but have a negative attitude towards any other currency. This meme means they are only focused on Bitcoin and view everything else as some kind of financial scam.
Franklin Templeton supports many cryptocurrencies
Meanwhile, Franklin Templeton has shown a willingness to support solid projects in the Crypto market, including but not limited to BTC. Starting with ETH, this giant shows interest in Ethereum's Web3 ecosystem.
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Second, Franklin Templeton has also backed Solana as a “strong case in decentralized blockchains” as they find the network's performance impressive.
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In short, the giant has affirmed that it will not have a different attitude towards any cryptocurrency. Franklin Templeton is looking for real-world applications that have growth in solving problems, improving economics and user experience.