"Crypto Investment Giants Franklin Templeton and BlackRock Embrace Bitcoin and Ethereum"

Franklin Templeton CEO Jenny Johnson acknowledges the demand for Bitcoin and the potential of blockchain technology, despite previously calling Bitcoin a distraction from blockchain. The investment firm has launched a tokenized fund on the stellar blockchain and plans to raise $20 million for a blockchain venture fund. Johnson highlights the fear component driving interest in Bitcoin as a hedge against oppressive governments and emphasizes the complexity of managing private keys, making Bitcoin ETFs attractive to investors. The U.S. Securities and Exchange Commission recently approved spot Bitcoin ETFs, including applications by Franklin Templeton, BlackRock, GrayScale, and VanEck. Franklin Templeton's Twitter account hinted at future plans involving Ethereum and Solana, while a spokesperson stated that the company continuously monitors developments in digital assets and ETF ecosystems.