According to Franklin Templeton, who manages over $1.4 trillion in assets, in the US, when regulations are clear, cryptocurrency units can become “regular parts of people’s portfolios”.
Sandy Kaul, head of digital assets and industry advisory services at Franklin Templeton, said that while investors can now buy crypto directly, there are limited ways for them to incorporate digital assets into traditional portfolios.
In a phone interview Kaul gave, a spotlight bitcoin He said that if his ETF is approved, it could “open a new access point where crypto can enter traditional portfolios and start offering a truly new type of asset class to diversify portfolios.”
Kaul said he expects more regulatory clarity from US regulators. While some regulators say that existing laws are sufficient for crypto, Kaul “doesn’t provide a way of how to use existing laws, which leaves people feeling that existing laws are not enough. “I think regulators are leaving too much uncertainty in the system,” he said.
If the SEC can clarify which cryptocurrencies can be registered as U.S. securities, “we can include them in broader portfolios,” Kaul said:
“If you think of Ethereum as a software development platform, we can put Ethereum in a portfolio with traditional companies operating in software development. We can then put them in industry funds where they are most relevant and compare the growth in market share to other companies in that industry.”
*Not investment advice.
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