When the giants bet on crypto. The group Franklin Templeton is a huge global investment company, with over 1.4 trillion dollars assets under management. Its current CEO, Jenny Johnsonhas once again made the cryptosphere react (with pleasure) by announcing that it possesses a little Bitcoin (BTC),Ethereum (ETH) and decentralized finance tokens (Challenge) in its investment portfolio staff.
The head of Franklin Templeton invested in BTC, ETH and DeFi tokens
Founded in 1947, the mega-investment fund Franklin Templeton has clearly become one of the biggest on the planet in its category. It even appears in the Top 10which is however still dominated by the giant BlackRock. It will be noted in passing that these two investment behemoths have each filed their spot Bitcoin ETF application.
The boss of Franklin Templeton, Jenny Johnsonwas recently interviewed by Fortune magazine, during the event Fortune Global Forum which was recently held in Abu Dhabi (UAE). Thus, although the manager explains in the preamble that these investments are “modest compared to the whole” of her portfolio, she does indeed own cryptocurrencies.
Jenny Johnson then details that she has Bitcoinof the ethers and tokens from the Challenge. For the latter, it announces that it holds the DEX tokens SushiSwap (SUSHI), Uniswap (UNI) and “ two or three different things of this style “.
Jenny Johnson Confident on Bitcoin Spot ETF Approval
As mentioned above, the large investment fund has filed its “ Franklin Bitcoin ETF ” in front, there DRY (Securities and Exchange Commission), in September 2023. And although she says she is “not sure of timing approvals”, Jenny Johnson notes that regulators are working on the file and should approve these spot Bitcoin ETFs ” on time “.
“I tend to invest in assets that I believe are likely to have financial returns. (…) There is obviously a demand [des investisseurs institutionnels] for Bitcoin, and I think a spot ETF will be a better way to access Bitcoin. »
Jenny Johnson, CEO of Franklin Templeton
If the biggest money managers in the world are all trying to get their own spot ETF from the king of cryptos, there must indeed be a strong demand for Bitcoin from their very wealthy institutional clients. In any case, while waiting for such an exchange-traded fund based on real bitcoins, institutional investors seem to fall back on BTC ETFs futurebased on futures contracts of Bitcoin.