Franklin Templeton CEO Jenny Johnson recently expressed optimism about the growth of U.S. spot Bitcoin ETFs. Since their launch in January, these ETFs have seen significant inflows, totaling $14.8 billion, which in turn has fueled a 60% increase in Bitcoin’s price to a peak of $73,700. Despite a recent plateau in demand, Johnson foresees a surge as larger institutions begin participating more actively.

While most initial investments came from retail investors, representing around 80% of the new assets under management, major financial entities are beginning to show interest. According to Johnson, the next wave of adoption could be driven by professional money managers integrating Bitcoin into diversified portfolios. Franklin Templeton’s own Bitcoin ETF, although smaller with 6,148 BTC held, hopes to attract investors with the lowest permanent sponsor fee in the market at 0.19%.

Political and regulatory developments are also expected to enhance Bitcoin’s appeal. As Capitol Hill shows signs of embracing cryptocurrency, industry insiders like Bitwise’s CIO Matt Hougan predict new highs, powered by institutional adoption and political support.

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