In a recent statement, Jenny Johnson, CEO of Franklin Templeton, announced that the Bitcoin ETF has seen a significant influx of funds since its launch in January, totaling $14.8 billion. This has driven the price of Bitcoin up by 60%, reaching a new high of $73,787. Despite a recent stabilization in demand, Johnson predicts a surge in demand as large institutions become more actively involved. The next wave of Bitcoin adoption may be driven by professional fund managers incorporating Bitcoin into diversified investment portfolios.
