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VP Of $1.5 Trillion Asset Management Giant Praises Ethereum Staking For Institutional Investors

It’s been revealed that a senior executive at the $1.5 trillion asset management giant Franklin Templeton says that Ethereum (ETH) staking yield presents huge opportunities for institutions that are looking at the crypto markets. Check out the latest reports about all this below.

Big news involving institutional crypto investors

In a new interview on Real Vision with Raoul Pal, Pal asks senior vice president of Franklin Templeton Sandy Kaul if Ethereum staking could help spark institutional adoption, according to the latest reports.

Kaul says the following:

“Let me just say, stay tuned to that space because I’ve seen some extremely powerful products that I think will fulfill exactly what you’re talking about.”

The asset management expert says the development of the crypto industry is reminding her of the hedge fund space in the mid 2000s. That was back when institutions pounced on big market discounts to establish themselves and take control.

“I think what happened in the hedge fund industry up to and post 2008 really is instructive here… We saw almost $2 trillion in assets come in in a three year period, so a huge influx of money, interestingly, taking the industry close to $3 trillion in assets, which is right about where the digital space got to before the last collapse.”

Kaul said that another wave of institutional adoption would likely occur during the next bull run when institutions see their competitors profiting.

Bullish signal for Bitcoin

A leading analytics platform just highlighted the fact that one crucial metric is flashing a bullish signal for Bitcoin (BTC) and Ethereum (ETH).

IntoTheBlock says the number of daily active addresses for both Bitcoin and Ethereum dropped off after surging above $60,000 for the first time in May 2021. Check out our previous article in order to learn more details about all this. Stay tuned for more news from the crypto space.

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