Franklin Templeton Moves Closer to Launching Two Bitcoin DRIP ETFs on Nasdaq

Franklin Templeton moves closer to launching two Bitcoin DRIP ETFs on Nasdaq

Franklin Templeton has registered two Bitcoin dividend reinvestment ETFs for Nasdaq trading, bringing the $1.8 trillion asset manager closer to launching funds that automatically convert stock dividends into Bitcoin exposure. According to an October 22 SEC filing, the Franklin US…

Franklin Templeton Wins Nasdaq Approval for Two Bitcoin ETFs

TL;DR Franklin Templeton has registered two Bitcoin-focused ETFs for Nasdaq trading under the proposed tickers FBEQ and FIBT, although a launch date remains unannounced. Both funds will allocate 95% of their portfolios to US equities and 5% to Bitcoin-related investments, using stock dividends to increase crypto exposure. The ETFs will charge a 0.09% annual management ...

Franklin Templeton Advances Two Bitcoin DRIP ETFs: Report

Franklin Templeton has registered two Bitcoin dividend reinvestment ETFs for Nasdaq under the proposed tickers FBEQ and FIBT. The funds will initially allocate 95% to US equities and 5% to Bitcoin-related investments. Stock dividends will support additional Bitcoin exposure, while a 20% allocation cap limits cryptocurrency holdings.

Bitcoin ETFs From $1.8 Trillion Giant Franklin Templeton Get Nasdaq Nod

Franklin Templeton, a $1.8 trillion asset management giant, has received Nasdaq approval to list two new Bitcoin-focused ETFs that will systematically convert dividends from U.S. stocks into Bitcoin exposure.

Franklin Templeton Clears Final Hurdle For ETFs That Turn Stock Dividends Into Bitcoin

Franklin Templeton has taken the last regulatory step before launching two exchange-traded funds that convert stock dividends into bitcoin.  On October 22, Franklin Templeton filed a Form 8-A with the Securities and Exchange Commission to register shares of the Franklin US Equity Bitcoin DRIP Index ETF and the Franklin US Innovation Bitcoin DRIP Index ETF for trading on the Nasdaq. A prospectus filed the same day lists an effective date of Octob…