Franklin Templeton Confident in Spot Bitcoin ETF’s Future, Awaits Advisor Familiarity
The renowned financial services firm Franklin Templeton remains optimistic about the future of its spot Bitcoin ETF despite not yet achieving significant trading volumes compared to industry giants like BlackRock, Fidelity, and Grayscale.
While these major players account for about 90% of total trading volume in the spot Bitcoin ETF space, Franklin Templeton believes its product will gain traction. Interest could spike as financial advisors and investors become more familiar with the offering, crypto news outlet The Block reported on Tuesday.
Speaking with The Block, Roger Bayston, Head of Digital Assets at Franklin Templeton, expressed confidence in the spot Bitcoin ETF’s potential popularity and said education is key to showcasing how these assets complement existing portfolios. He stated:
“It’s just a matter of time […] as education moves forward about how these assets complement and help deliver potentially better long-term solutions alongside other assets in their portfolio.”
Bayston highlighted the product’s novelty and the platforms’ fiduciary responsibilities in filtering through providers to ensure clients achieve the best long-term results.
According to data on X on Tuesday by Bloomberg Intelligence’s senior ETF analyst Eric Balchunas, Franklin Templeton’s ETF with the ticker EZBC is the third to last by total flows, with $56 million in net inflows.
The leader among the new spot Bitcoin ETFs is the BlackRock/iShares fund, with $1.69 billion in net inflows.
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