The Future of Bitcoin ETFs: Insights from Franklin Templeton CEO
Franklin Templeton CEO Jenny Johnson predicts that the current phase of Bitcoin exchange-traded fund (ETF) adoption is just the start.
She foresees another wave of adoption as institutions become more at ease with Bitcoin ETFs.
Institutional Adoption and Future Potential of Bitcoin ETFs
In a recent interview with CNBC, Johnson highlighted the success of EZBC, Franklin Templeton’s spot Bitcoin ETF. This fund has garnered $420 million in assets under management within five months.
- Assets under management across all spot Bitcoin ETFs have grown to about $58 billion
- This growth underscores the increasing interest among larger institutions
Despite this growth, Johnson noted that many institutions remain cautious and observe early adopters before committing significant investments.
“So I think that’s the next wave on the Bitcoin side. And, Ethereum, people are waiting for each [ETF], and I think that’s progressing through the [US Securities and Exchange Commission] SEC. So I think that will be the next step,” she said.
Recent data from SoSo Value reveals that spot Bitcoin ETFs in the US have recorded total net inflows of $15.34 billion since inception.
- Digital asset investment products have experienced inflows for the fourth consecutive week, totaling $185 million
Matteo Greco, a Research Analyst at Fineqia, commended the SEC’s approval of a spot-based Ethereum (ETH) ETF, seeing it as a vital link between the digital asset space and traditional finance investors.
- Increased interest in major altcoins expected following the launch of ETH spot ETFs
- Potential applications for other highly capitalized altcoins likely to boost the ecosystem
Crypto ETN vs. Crypto ETF: What Is the Difference?
“The approval of financial instruments directly linked to digital assets now opens up new possibilities, allowing also to diversify digital assets exposure between the direct holding of the asset or investments in businesses that are actively working in the digital assets space,” he told BeInCrypto.
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