Arbitrum has bagged another institutional partnership with Franklin Templeton. Will it boost ARB price performance?
But with the latest Franklin Templeton move, more network growth seems likely.This partnership will help accelerate the integration of DeFi within traditional finance .‘Expanding into the Arbitrum ecosystem is an important step on our journey to empower our asset management capabilities with blockchain technology,”For perspective, the tokenized securities segment exploded after BlackRock made a bet with its BUIDL debut in early 2024.
As a result, Franklin Templeton’s wide usage could further boost ARB’s network and value in the segment.“Industry leaders are not choosing to build on Ethereum by chance… Institutional interest in ETH will snowball from here.” Meanwhile, ARB jumped 14% on the 8th of August, rallying from $0.47 to $0.55. However, the altcoin’s price has been in a downtrend since March.Over the same period, demand for ARB has remained low, as shown by the downsloping RSI .Similarly, massive capital outflows over the same period, as shown by the Chaikin Money Flow drop.
Despite a recovery from July, inflows haven’t been strong enough to push CMF above the average level and fuel ARB’s price further. It remains to be seen whether Franklin Templeton will drive more capital inflows and boost ARB’s prospects on the price charts.
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