Jenny Johnson, the CEO of Franklin Templeton, revealed the company’s cryptocurrency portfolio. The company recently applied for a Bitcoin exchange-traded fund (ETF) with the SEC. As a result, we made this disclosure. Johnson talked to Fortune about her various crypto investments, not Bitcoin.
The Cryptocurrency Landscape
Johnson, who is leading a major player trying to get SEC approval for a Bitcoin ETF, revealed her holdings. She has more than Bitcoin. Apart from Bitcoin, she confirmed investments in Ether, Uniswap (UNI), and SushiSwap (SUSHI). Johnson mentioned that these investments make up a small part of the portfolio. They include Bitcoin, Ether, SushiSwap, and Uniswap. However, these remain small investments in our portfolio.”
Johnson explained how blockchain technology is changing the financial system. Bitcoin is a big part of this revolution. Blockchain technology is changing finance. I see Bitcoin as a key part of this change.”
The Importance of Spot Bitcoin ETFs
Johnson emphasized the importance of Bitcoin spot ETFs and how they can benefit investors. She understood that investing in Bitcoin is hard and stressed the need to gain client trust. “Investing in Bitcoin poses certain challenges. Ensuring client confidence is paramount in this landscape,” she remarked.
In September, the company applied for a Bitcoin ETF with the SEC. They want to list it on the Cboe BZX Exchange as BTFD. But, as of now, the SEC has issued a series of deferments. Industry experts expect possible approval for these ETFs in the early quarters of 2024.
The Bottom Line
Jenny Johnson, the CEO of Franklin Templeton, showed the investment giant’s diverse crypto portfolio. In addition to Bitcoin, her SEC application reveals that she also has holdings in Ether, Uniswap, and SushiSwap, although they are small. Johnson understands the changing blockchain world. She focuses on the significance of spot Bitcoin ETFs. This gives a complete picture of the company’s strategy in the fast-moving cryptocurrency market. As regulatory processes unfold, the industry awaits potential approval of spot Bitcoin ETF.