Odaily Planet Daily reports that Bitcoin News posted on X that Franklin Templeton filed registration for two ETFs trading on Nasdaq on October 22, with the prospectus stating an effective date of October 27. The initial allocation of the two ETFs is 95% U.S. equities and 5% bitcoin exposure, with dividends from the equities used to acquire bitcoin; during quarterly rebalancing, if the bitcoin allocation exceeds 5%, it will be reduced to 4.5%.
Franklin Templeton Registers Two Nasdaq ETFs with 5% Bitcoin Exposure
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Summary
Bitcoin breaking news: Franklin Templeton has registered two ETFs on Nasdaq with 95% U.S. stock exposure and a 5% Bitcoin allocation. Dividends from the stock portion will fund the Bitcoin position. If Bitcoin’s weight exceeds 5% during quarterly rebalancing, it will be reduced to 4.5%.
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