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Franklin Templeton CEO Foresees New Wave of Bitcoin ETF Adoption

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5 months ago

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In an interview with CNBC, Franklin Templeton CEO Jenny Johnson expressed optimism about the future of U.S. spot Bitcoin ETFs. Johnson believes a new wave of institutional investors will soon enter the market, significantly boosting demand for these financial products. This sentiment comes despite a recent stagnation in ETF inflows and Bitcoin’s price.

Franklin Templeton CEO Optimistic About Bitcoin ETFs

Spot Bitcoin ETFs experienced a robust start, attracting over $13 billion in net inflows within the first three months following their launch on January 11. This influx of capital propelled Bitcoin to a new peak price of $73,700 in March, marking a 60% increase year-to-date. BlackRock‘s fund, in particular, set records for the highest inflows seen by a newly launched ETF. However, the momentum seemed to wane through April and May, sparking debates about the sustainability of investor interest.

Despite the slowdown, Johnson highlighted that the first wave of adoption has predominantly involved retail investors. SEC filings from April reveal that large investors and firms constitute only about 20% of the assets under management in these new Bitcoin ETFs. Thus, the potential for growth remains, as significant institutions have yet to commit to the Bitcoin market fully.

According to Johnson, many professional money managers still evaluate how to integrate Bitcoin into their investment strategies. She described Bitcoin‘s current market role as fluctuating between a “risk-on” and “risk-off” asset, comparable in some ways to gold. This ongoing assessment phase suggests that more prominent institutional involvement could be on the horizon, promising a significant increase in demand for Bitcoin ETFs.

While managing one of the smaller Bitcoin spot ETFs in the nation with 6,148 BTC (approximately $440 million), Franklin Templeton offers the lowest permanent sponsor fee at 0.19%. The firm is set to launch an Ethereum ETF with a similarly competitive fee structure. Johnson is optimistic that the low fees will attract more investors, especially those sensitive to cost considerations.

Bitwise CIO Sees Political Boost for Crypto

Executives at Bitwise, another asset management firm with a substantial Bitcoin ETF, also foresee a surge in demand from institutional investors. As existing investors increase their stakes and new investors complete their due diligence, the market could see significant growth. 

Additionally, Bitwise CIO Matt Hougan suggested that political developments in Washington, D.C., could catalyze broader crypto market adoption. He posited that a greater understanding of these political shifts could drive the crypto market to new all-time highs.

On Tuesday, Bitcoin ETFs demonstrated their resilience and potential for recovery by recording $886 million in inflows, marking their second-best performance to date. This resurgence underscores the ongoing interest and confidence in cryptocurrency as a viable asset class, reinforcing Johnson’s optimistic outlook for the future of Bitcoin ETFs.

Also Read: Paxos Launches Yield Bearing Lift Dollar Stablecoin, But There’s a Catch

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Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. I write extensively on topics such as blockchain, cryptocurrency, tokens, and more for many publications. My goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Analyst Who Predicted Dogecoin Price Rise To $0.7 In 2021 Says WallitIQ (WLTQ) Will Rise 23,460% By December 2024

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3 hours ago

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November 8, 2024

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A well-known analyst who successfully predicted that the Dogecoin price would rise to $0.7 in 2021 is now turning their attention to WallitIQ (WLTQ), forecasting an astonishing 23,460% increase by December 2024. As the cryptocurrency landscape evolves, WallitIQ (WLTQ) is emerging as a game-changer in the decentralised wallet sector. 

WallitIQ (WLTQ): Transforming The Crypto Wallet Experience With Innovative Security And User Empowerment

WallitIQ (WLTQ) is set to transform the cryptocurrency wallet landscape, creating a buzz in the investment community as its presale continues. Analysts are excited about WallitIQ’s innovative design, which emphasises security, usability, and user empowerment.

By employing AI-driven security measures, WallitIQ (WLTQ) enables real-time monitoring of transactions, significantly reducing the risk of hacks and unauthorised access. The platform’s advanced encryption technologies provide robust protection for users’ digital assets.

Among the standout features of WallitIQ (WLTQ) is its robust security framework, which incorporates Advanced Encryption Standard (AES) and Elliptic Curve Cryptography (ECC). These cutting-edge encryption technologies enable both private keys and transactions to be meticulously protected against unauthorised access and potential breaches.

Also, the Physical to Digital (P2D) wallet function, allowing users to effortlessly convert physical assets into digital tokens. This not only improves liquidity but also streamlines the user experience, making it accessible for both newcomers and seasoned cryptocurrency enthusiasts.

Additionally, WallitIQ (WLTQ) includes an Escrow Connect feature that evaluates decentralised applications (dApps) for potential risks, enabling secure interactions and transactions. The platform has also completed a smart contract audit with SolidProof, further solidifying its reliability and boosting positive market sentiment.

With the introduction of a multilingual AI chatbot, users can access effective support in their preferred languages. Following its recent debut on CoinMarketCap, WallitIQ (WLTQ) is set to redefine how users engage with digital assets.

However, owning WLTQ tokens not only positions investors for significant profits but also empowers them with a say in governance decisions, giving a strong sense of community ownership. 

Investors are actively engaging in WallitIQ’s presale, eager to capitalise on the innovative AI token currently priced at just $0.0171. The platform not only promises substantial returns but also offers attractive benefits such as staking rewards and an impressive annual percentage yield (APY) of up to 180%, making it an appealing option for savvy investors.

Analysts predict a remarkable 23,460% increase by December 2024, emphasising that the WallitIQ (WLTQ) presale represents a golden investment opportunity. The growing enthusiasm among analysts signals that now is a critical moment for discerning investors to seize this chance for potential growth.

Dogecoin Price: A Cultural Phenomenon With Limitless Potential

The Dogecoin price has evolved from its humble beginnings into a cultural phenomenon, driven by community enthusiasm and social media engagement. The analyst who accurately predicted its rise to $0.7 is now assessing the future trajectory of the Dogecoin price. 

Supported by a passionate community, analysts suggest that the Dogecoin price may continue to thrive despite market volatility. This resilience highlights the token’s distinctive appeal. 

Investors are particularly interested in how the Dogecoin price will navigate upcoming challenges, especially as analysts maintain optimistic forecasts. As the cryptocurrency landscape evolves, the analyst community remains bullish, indicating that the Dogecoin price is well-positioned for further growth. 

With its strong community backing and positive outlook, the Dogecoin price is a token that investors should monitor closely for potential opportunities.

Conclusion

While analysts continue to examine emerging trends in the cryptocurrency market, the one who accurately predicted the Dogecoin price rise to $0.7 in 2021 now forecasts an astonishing 23,460% increase for WallitIQ (WLTQ) by December 2024. Meanwhile, WallitIQ (WLTQ) presale tokens are selling rapidly. Buy yours now at $0.0171 before they are available on the exchanges.

Join the WallitIQ (WLTQ) presale and community: 

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US SEC Delays Decision On Ethereum ETF Options Trading

Published

6 hours ago

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November 8, 2024

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The US Securities and Exchange Commission (SEC) has again delayed its decision on the New York Stock Exchange’s (NYSC) proposed rule change to offer options trading. This move comes despite the fact that the US SEC has already approved options trading for the Bitcoin ETFs.

US SEC Delays Decision On Options Trading For Ethereum ETFs

The US SEC indicated in its latest release that it would need more time to consider the NYSE’s proposed rule change to list and trade options on the Ethereum ETFs on the exchange. The regulator also called for written comments from the public on whether they should approve the proposed rule change or not.

The SEC had in September delayed its decision on the rule change and extended the deadline till November 11. Following their latest decision, the Commission will have until sometime in December to determine whether or not they want to approve NYSE options trading for these Ethereum ETFs.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Shiba Inu Price Eyes 300% Rally As SHIB Whale Activity Surges

Published

8 hours ago

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November 8, 2024

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The Shiba Inu price could rally as much as 300% as SHIB whale activity is on the rise, a bullish development for the second-largest meme coin by market cap. Other on-chain metrics also paint a bullish for SHIB and indicate that its bull run could begin anytime from now.

Shiba Inu Price Eyes 300% Rally

In an X post, crypto analyst Javon Marks predicted that the Shiba Inu price could soon record a 300% rally. This came as he noted that the top meme coin is still fresh off a confirmed Hiden Bull Divergence and holding above the level it recently broke out from.

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In line with this, the analyst stated that SHIB could be getting ready for its “next level” performance, which could send its price towards the $0.000081 target. He added that this over 300% rally could be imminent.

A Shiba Inu price rally to the $0.000081 target is significant as it could pave the way for the second-largest meme coin to reach and possibly surpass its current all-time high (ATH) of $0.000088. Meanwhile, this SHIB rally looks imminent, considering that the meme coin is currently playing catch up to DOGE, which is on a roll at the moment.

The Dogecoin price is up over 23% in the last seven days. Meanwhile, SHIB has recorded a single-digit gain of just over 5% during this period. Shiba Inu is expected to enjoy more significant gains soon enough since it typically mirrors DOGE’s price gains.

SHIB Whale Activity Surges

IntoTheBlock data shows that Shiba Inu whale activity is on the rise. SHIB’s large transactions have surged by almost 4%, which suggests that whales are actively accumulating the meme coin.

This presents a bullish outlook for the Shiba Inu price, considering that these whales typically contribute to price discovery and could spark a significant SHIB rally soon enough. Over the last few days, these whales have traded trillions of SHIB tokens.

Specifically, these whales have traded 2.57 trillion SHIB tokens in the last 24 hours, Meanwhile, on November 6, they traded a 7-day high 6.39 trillion SHIB tokens. Amid these rising whale activity, it is worth mentioning on-chain transaction which showed that a particular whale transferred $10.4 billion worth of SHIB to the Coinbase crypto exchange.

This typically presents a bearish outlook for the Shiba Inu price, since it suggests that the whale is looking to offload their coins. However, further onchain data shows that the wallet which received the coins belongs to the top crypto exchange, meaning that they loading up to meet the massive demand for the meme coin.

According to a recent CoinGape analysis, other SHIB onchain metrics present a bullish outlook for Shiba Inu. This includes the SHIB price-Daily Active Addresses (DAA) divergence, which recently shot up to a one-month high.

✓ Share:

Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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