In Social Media Buzz, Investment Giant Franklin Templeton Commends Ethereum and Solana’s Advances 

Based successful San Mateo, the salient concern absorption firm, Franklin Templeton, has been actively posting astir integer assets connected societal media pursuing the caller support of its caller spot bitcoin exchange-traded money (ETF). The firm’s U.S. X relationship present sports a modified logo featuring Benjamin Franklin with laser eyes. This Wednesday, the relationship prominently recognized some Ethereum and the Solana blockchains, further expressing that it was “impressed” by the Solana network’s enactment successful the 4th quarter.

Franklin Templeton Applauds Crypto, Ethereum, and Solana

Since its ETF launch, Franklin Templeton, arsenic of Jan. 17, 2024, oversees 1,160 BTC, arsenic reported by the EZBC web portal. This marks a 2.56% summation successful its bitcoin (BTC) holdings, up from 1,131 BTC last Friday. Throughout the past week, the company, managing $1.5 trillion successful assets nether absorption (AUM), has been actively posting astir integer assets and sharing memes.

On Thursday, Franklin Templeton’s X relationship praised blockchain technology. “We judge arsenic blockchains amended successful fees and performance, the imaginable usage cases that are unlocked turn exponentially,” the concern manager said. “Improving the economics and acquisition for the extremity idiosyncratic cannot beryllium overstated.” In different X post, Franklin Templeton wrote, “Other L1s extracurricular of [Bitcoin, Ethereum, and Solana] person monolithic potential, and we are continuing to support, monitor, and make connected these networks arsenic they turn and mature.”

$1.5 trillion AUM instauration retired present memeing today. https://t.co/LAAUkNlZ0v

— Lyn Alden (@LynAldenContact) January 17, 2024

While it launched a BTC ETF, Franklin Templeton lauded Ethereum and Solana arsenic well. “We are excited astir ETH and its ecosystem. Despite the midlife situation it’s precocious experienced, we spot a agleam aboriginal with galore beardown tailwinds to propulsion the Ethereum ecosystem forward,” the steadfast remarked connected X portion besides mentioning immoderate of ETH’s pros. As acold arsenic Solana, the plus manager said it was “impressed” by the furniture 1 (L1) blockchain. The institution stated:

On Solana, we spot Anatoly’s imaginativeness of a azygous atomic authorities instrumentality arsenic a almighty usage lawsuit of decentralized blockchains, lowering accusation asymmetry. And we are impressed by each the enactment seen connected Solana successful Q4 2023.

Moreover, the firm’s X relationship expressed disapproval towards backstage blockchains, stating, “Private blockchains are a rehypothecation of the intermediary.” Indeed, the firm’s societal media beingness has precocious taken a somewhat divergent path, actively sharing its perspectives connected the integer plus ecosystem. “In crypto, speculation is simply a feature, not a bug,” the plus manager said successful different X post. Franklin Templeton besides touched upon Bitcoin’s Ordinals and furniture 2 solutions.

“Ordinals [and] Layer 2 solutions connected Bitcoin shouldn’t beryllium ignored. These are captious to solving Bitcoin’s economical information occupation and expanding BTC’s inferior arsenic a SoV,” the company’s societal media relationship wrote. “Crypto is improving however we interact with each different financially, conscionable arsenic the net did with information. We mean to enactment and pb the improvement of this aboriginal done investing and building,” different societal media station explains.

What bash you deliberation astir Franklin Templeton’s X posts astir blockchains, Ethereum, and Solana? Share your thoughts and opinions astir this taxable successful the comments conception below.