CEO of the investment giant that manages $1.5 trillion announced his crypto portfolio
The CEO of Franklin Templeton, one of the companies applying for Spot Bitcoin, announced his crypto portfolio. Jenny Johnson, CEO of the investment giant that manages $1.5 trillion in assets, stated that she also holds cryptocurrencies other than Bitcoin.
Jenny Johnson, CEO of Franklin Templeton, one of the companies that applied for a spot Bitcoin ETF to the US Securities and Exchange Commission (SEC), announced its crypto portfolio.
âSmall investmentsâŠâ
In an interview with Fortune, one of the important institutions of the US media, Johnson stated that he has Ether, Uniswap (UNI) and SushiSwap (SUSHI) in addition to Bitcoin. Johnson also stated that these investments constitute a small portion of his portfolio:
âActually, standard cryptocurrencies⊠There is some Bitcoin, some Ether, and SushiSwap and Uniswap. A few more like these⊠But they are small investments. Blockchain technology is changing the financial system. âI see Bitcoin as a separate factor here.â
âSpot ETF may be a better optionâ
Franklin Templeton CEO also touched upon the importance of the Bitcoin spot ETF and said, âThere are some difficulties in investing directly in Bitcoin. "It is very important to give customers confidence here..." he said.
As you may remember, the company applied to the SEC for a spot Bitcoin ETF in September. The SEC has so far decided to postpone the ETF, which is expected to be listed on the Cboe BZX Exchange under the ticker BTFD.
Experts expect these ETFs to be approved in early 2024
