Franklin Templeton has taken an important step that is already attracting attention in the crypto market. The asset management giant has filed with the US Securities and Exchange Commission to broaden its Franklin Crypto Index ETF, confirming that Dogecoin will be officially added from December 1.
The expansion shifts Franklin Templeton’s product from a Bitcoin and Ethereum-focused offering to a more diversified crypto basket that gives investors access to a broader range of digital assets through a single instrument. This comes just a few days after Franklin Templeton launched its Spot XRP fund.
Franklin Templeton Expands into a Broader Multi-Asset ETF
The success of Bitcoin and Ethereum ETFs has encouraged large institutions to look beyond the two main cryptocurrencies and build products that cover a broader range of well-known digital assets. Franklin Templeton’s latest move follows that trend by transforming its Franklin Crypto Index ETF into a more comprehensive portfolio that includes several leading altcoins, including Dogecoin.
The revised structure takes effect on December 1 and shifts the ETF to a design that reflects the broader market rather than a concentration of two assets. Franklin Templeton acknowledged this change via an announcement on
Even within that group, Dogecoin stands out. It’s moving further away from its reputation as a meme-based cryptocurrency and into one more institutionally recognized role.
Dogecoin is entering a new phase of institutional exposure
Dogecoin’s inclusion in Franklin Templeton’s comprehensive ETF comes at a time when the token is already receiving increased attention from traditional financial institutions. The first batch of Spot Dogecoin ETFs only recently hit the market, and this is a milestone that would have been unthinkable just a few years ago.
Grayscale were the first major issuer out of the starting blocks with its GDOG product, followed shortly after by Bitwise, which launched its own Dogecoin ETF on at the request of his community.
Early trading activity for these funds is modest in comparison to the spectacular debuts ever seen with Bitcoin and Ethereum ETFs, but it is still too early to say anything about that, as the market may still determine how much institutional interest there is for an asset of meme origin, wrapped in a regulated structure.
Several other issuers have filed and are preparing to go live with their own Dogecoin products. Some are carefully positioning themselves to see how the first batch of ETFs perform. According to Bloomberg Senior ETF Analyst Eric Balchunas, there are probably approx 100 cryptocurrency-based ETFs awaiting launch in the next six months.
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