In early April, the investment fund Franklin Templeton ($1.74 trillion under management) launched a specialized division for cryptocurrency operations, Franklin Crypto. The company already manages spot exchange-traded funds (ETFs) for cryptocurrencies, but now intends to go beyond ETFs and serve institutional demand for active crypto investment strategies. In March, Morgan Stanley filed an application to create a Bitcoin ETF under the ticker MSBT. If approved, it will become the first such ETF issued directly by a major American bank. At the same time, Morgan Stanley set the fee for MSBT lower than all existing funds — 0.14% annually. Currently, the cheapest fund to operate is the Grayscale fund with a fee of 0.15% annually, and the market leader IBIT from BlackRock charges 0.25%. JPMorgan Chase, which has been operating in the blockchain environment for several years through its division Kinexys, began offering institutional clients in November 2025 a token called JPM Coin, representing tokenized dollar deposits. The tokens retain the interest on deposits and allow 24/7 transfers through Coinbase’s public blockchain Base. The bank has already registered the ticker JPME for a potential euro-denominated deposit token.#GateSquareAprilPostingChallenge