In a recent statement, Jenny Johnson, CEO of Franklin Templeton, announced that the Bitcoin ETF has attracted a significant influx of funds since its launch in January this year, totaling $14.8 billion. This has in turn driven the price of Bitcoin to a new high of $73,787, a 60% increase. Despite a recent stabilization in demand, she predicts that with large institutions beginning to participate more actively, demand will surge. The next wave of Bitcoin adoption may be driven by professional fund managers incorporating Bitcoin into diversified investment portfolios.
