Franklin Templeton Launches Two Dividend-Reinvestment Bitcoin ETFs

October 29: Franklin Templeton has launched the Franklin U.S. Equity Bitcoin DRIP Index ETF (FBEQ) and the Franklin U.S. Innovation Bitcoin DRIP Index ETF (FIBT), both of which will list on Nasdaq. Both ETFs have an initial allocation of 95% equities and 5% Bitcoin, and will systematically reinvest dividends generated by the underlying stocks into Bitcoin. FBEQ covers approximately 500 of the largest U.S. companies by market capitalization, with an expense ratio of 0.09%; FIBT covers 100 large U.S. non-financial companies listed on Nasdaq, with an expense ratio of 0.19%.