Franklin Templeton, a leading issuer of spot Bitcoin ETFs, announced its plans to contribute value back to the community, sparking excitement in the cryptocurrency space.
The CEO of Franklin Templeton, a major issuer of Bitcoin ETFs, shared her excitement on the social media platform X about the recent events in the crypto space. She playfully mentioned that “Laser Eyes Ben” is now her phone’s background, adding a personal touch to her engagement with the crypto community.
Franklin Templeton: Client Outcomes & Digital Innovation on X
Jenny Johnson, the CEO of Franklin Templeton, shared a significant update on the company’s official X account, highlighting her active engagement with the crypto community. In her announcement, Johnson expressed her main focus on delivering improved outcomes for the firm’s clients, drawing on the company’s impressive track record of innovation that has resulted in $2.6 trillion in Assets Under Management (AUM) over 75 years.
Touching upon the recent approval of Franklin Templeton’s spot Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC), Johnson characterized it as a “disruption” and a crucial phase in the ongoing evolution of the company. The approval, along with 10 others, marked the end of an over 11-year wait for spot Bitcoin ETFs in the market.
2/ But what I’m *actually* laser-focused on is delivering better outcomes to our clients. We’ve been focused on innovation for over 75 years resulting in $1.6T in AUM, and this disruption is the next step in our evolution.
— Franklin Templeton (@FTI_US) January 12, 2024
Jenny Johnson, the CEO of Franklin Templeton, emphasized the importance of the company’s strategic move in connecting institutional investors with new opportunities in the realms of blockchain and Web3.0. To bolster its presence in these innovative fields, Franklin Templeton has taken several steps, including the creation of a specialized digital asset team. This team, consisting of experienced developers, is actively involved in building and investing across different networks.
Johnson highlighted the comprehensive approach of Franklin Templeton’s investment strategies team, actively participating in early-stage Web3 venture investing and managing liquid token portfolios. The commitment to these areas is evident through ongoing research and active engagement within the community, showcasing Franklin Templeton’s dedication to staying at the forefront of digital innovation.
Franklin Templeton Emerges with Lowest Bitcoin ETF Fees
Franklin Templeton has made a significant move in the world of Bitcoin exchange-traded funds (ETFs). The company, led by CEO Jenny Johnson, has reduced the annual fees for its Bitcoin ETF from 0.29% to a more competitive 0.19%. Additionally, a waiver fee has been introduced for the next six months, coinciding with the approval from the U.S. Securities and Exchange Commission (SEC) for its physically-backed ETF.
These adjustments in fees position Franklin Templeton as a strong competitor among major investment firms like BlackRock, Grayscale Investments, and ARK 21Shares.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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