Bitcoin ETF Growth Potential: Huge Interest from Large Institutions

Bittime - In a recent interview with CNBC, Johnson highlighted the success of Franklin Templeton's spot Bitcoin ETF, EZBC. In five months, this product has managed assets of US$420 million. He noted that total assets under management across all spot Bitcoin ETFs have reached around US$58 billion, signaling huge interest from large institutions.

Many Institutions Are Still Cautious, But That's Reasonable

While this growth is promising, Johnson acknowledged that many institutional investors are still cautious, preferring to observe before making significant investments.

"I think that's the next wave on the Bitcoin side. And, Ethereum, people are waiting on each of those [ETFs], and I think that's working its way through the SEC [US Securities and Exchange Commission]. So I guess that's going to be the next step ," he said.

Data Supports Johnson's Optimism

The latest data from SoSo Value supports Johnson's view, showing that spot Bitcoin ETFs in the US have recorded cumulative net inflows of US$15.34 billion since their debut. Additionally, a report from CoinShares revealed digital asset investment products have posted inflows for four consecutive weeks, reaching US$185 million, showing continued interest.

Ethereum ETF Could Spark Massive Interest In Altcoins

Matteo Greco, Research Analyst at Fineqia, commented on the SEC's recent approval of a spot-based Ethereum (ETH) ETF as an important bridge between digital assets and traditional financial investors. Greco predicted that the launch of a spot ETH ETF would spark huge interest in other major altcoins, boosting the entire crypto ecosystem.

The Future of Crypto ETFs

According to Greco, the approval of financial instruments directly linked to digital assets opens up new possibilities, allowing diversification of digital asset exposure between direct ownership of assets or investment in businesses active in the field of digital assets. This could be a catalyst for further growth in the crypto market, with more and more institutional investors joining in.

Overall

Jenny Johnson's outlook and recent data indicate a bright future for Bitcoin ETFs and other digital assets. With continued interest and institutional adoption, crypto ETFs are expected to play an important role in the modern investment world.

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