In addition to the two leading cryptocurrencies, BTC and ETH, Ms. Jenny Johnson also has a personal investment in UNI of Uniswap and SUSHI of SushiSwap.
CEO Franklin Templeton personally invests in BTC, ETH
The above information was revealed by Ms. Jenny Johnson, CEO of Franklin Templeton - a giant that manages more than 1,300 billion USD in assets - in an exclusive interview by Fortune that took place at the end of November 2023.
This is also the first time the CEO of Franklin Templeton has publicly disclosed his personal investment portfolio in the cryptocurrency field, but this is only a small amount in the total portfolio of Ms. Jenny Johnson.
Also in the interview, head Franklin Templeton expressed his personal opinion that he is "not a fan of NFTs", saying that "not all NFTs are meaningful", so he will prioritize investing in projects. Reputation can ensure sustainable financial returns.
"I tend to invest in things where I have a reason to make a profit, because I have a lot of basis for high success. For example, in the NFT art space, if two people love it , they will understand and value the market value for that NFT. But not every NFT can be successful, there is still a possibility of success but the rate and basis for profit will be lower."
CEO Franklin Templeton's revelation also contributed to helping the market turn green in the first days of December 2023, with Bitcoin (BTC) trading above the $40,000 mark after 19 months, Ethereum (ETH) rising to a new peak of 2023 at 2,274 USD - surpassing the April 2023 peak, and the two coins UNI and SUSHI reacted positively on the same day.
1D graph of the BTC/USDT pair on Binance at 08:21 PM on December 4, 2023
1D graph of the ETH/USDT pair on Binance at 08:26 PM on December 4, 2023
4H chart of the UNI/USDT pair on Binance at 08:27 PM on December 4, 2023
4H chart of the SUSHI/USDT pair on Binance at 08:28 PM on December 4, 2023
Franklin Templeton is a multinational holding company operating in the global investment and asset management sector, headquartered in San Mateo – California. Franklin Templeton Group currently manages more than $1.3 trillion in assets and has offices across 6 continents with client files in more than 155 countries.
The asset management giant filed a Bitcoin ETF spot application with the US Securities and Exchange Commission (SEC) in early September 2023 - coming weeks after Grayscale Investments won its lawsuit against the SEC - but has not yet approved.
When asked “when a Bitcoin spot ETF might get the green light,” Ms. Johnson said she was unsure of the timing, but revealed that regulators are working to determine the best and most feasible approach. will approve when due. This coincides with the SEC's previous public consultation on November 29, 2023.
Not only Franklin Templeton, many Bitcoin ETF Spot proposals by Wall Street giants, including VanEck, Bitwise, WisdomTree, Valkyrie, Fidelity, Invesco, ARK Invest, Global X, Hashdex, and BlackRock are also facing delayed approvals. Analysts also raised the rate of SEC approval of this type of product to 90% which will be approved in 2024.
Bitcoin spot ETF proposals are under review by the SEC. Photo: Bloomberg (November 9, 2023)
