Franklin Templeton CEO: Will continue to create investment products that customers need, whether in the form of crypto ETFs or mutual funds
Jenny Johnson, CEO of Franklin Templeton, said in an interview with CNBC that the company has decided to launch a physical Bitcoin ETF because the demand for Bitcoin continues to increase. The launch of Franklin Templeton's Bitcoin ETF is a strategic response to Bitcoin's increasing use in trading and its integration into a wider financial system. The industry is still in its early stages, and holding Bitcoin is very complicated for ordinary people who do not understand the technology. Bitcoin ETFs allow people to access Bitcoin without dealing with the complexity of the technology. She added that ETFs make Bitcoin more accessible, which is ultimately a good thing for adopting Bitcoin. Johnson also said that Franklin Templeton has been bullish on the crypto industry for many years and conducted in-depth research on asset tokenization on public blockchains for the first time in 2021. The company will continue to create investment products that customers need, whether in the form of crypto ETFs or mutual funds. However, she did not further elaborate on the company's future plans.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Solana-based social graph protocol Tapestry raises $5.75 million in Series A funding
Tapestry raised $5.75 million in a Series A round co-led by Union Square Ventures and Fabric Ventures.Tapestry is a Solana-based social graph protocol designed to create an ecosystem of applications with social features.
The Daily: Trump 'receptive' to an 'America-first' crypto reserve, XRP hits new all-time high and more
President-elect Donald Trump is open to creating an “America-first” crypto reserve prioritizing U.S.-based coins like USDC, SOL and XRP, the New York Post reported, citing sources familiar with the matter.XRP hit a new all-time high of around $3.39 via major crypto exchanges on Thursday for the first time since January 2018, following a 16% surge in 24 hours and a 455% rise over the past quarter.A Litecoin ETF is the “most likely” next spot crypto ETF to be approved in the U.S., according to Bloomberg anal
Ripple CEO Says SEC's Opening Brief Is 'Definition of Insanity'
BTC breaks through $99,000