Franklin Templeton Launches Two U.S. Stock and Bitcoin-Linked ETFs, Systematically Reinvesting Stock Dividends Into Bitcoin
According to TechFlow, on October 29, Franklin Templeton announced in an official statement that it has launched two ETFs combining exposure to US stocks and Bitcoin, both of which will be listed on Nasdaq. FBEQ tracks approximately 500 large-cap US companies with a management fee of 9 basis points; FIBT tracks the 100 largest non-financial issuers on the Nasdaq with a management fee of 19 basis points.Both ETFs initially allocate 95% to equity indices and 5% to Bitcoin, and systematically reinvest dividends generated from the equities into Bitcoin-related assets. The funds do not directly hold Bitcoin but instead gain indirect exposure through investments in Bitcoin-linked exchange-traded products and derivatives.
According to TechFlow, on October 29, Franklin Templeton announced in an official statement that it has launched two ETFs combining exposure to US stocks and Bitcoin, both of which will be listed on Nasdaq. FBEQ tracks approximately 500 large-cap US companies with a management fee of 9 basis points; FIBT tracks the 100 largest non-financial issuers on the Nasdaq with a management fee of 19 basis points.
Both ETFs initially allocate 95% to equity indices and 5% to Bitcoin, and systematically reinvest dividends generated from the equities into Bitcoin-related assets. The funds do not directly hold Bitcoin but instead gain indirect exposure through investments in Bitcoin-linked exchange-traded products and derivatives.
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