Posted 1/11/2024, 8:37:56 PM
Financial Firms Divided as Franklin Templeton Embraces Bitcoin While Vanguard Hesitates
- Franklin Templeton updates logo to feature "laser eyes," signaling embrace of crypto and aspirations for Bitcoin price growth
- Coming after SEC approval of Bitcoin ETFs, Franklin Templeton's move highlights competition in crypto ETF space
- Vanguard takes opposite stance, blocking customer access to SEC-approved Bitcoin ETFs amid volatility concerns
- Divergence highlights ongoing debate in financial sector about cryptocurrencies' role and potential
- While firms like Franklin Templeton and Fidelity embrace crypto ETFs, others like JPMorgan's Jamie Dimon maintain negative view