ChainCatcher report: According to U.S. SEC filings, Franklin Templeton has registered two index ETFs that reinvest stock dividends into Bitcoin for listing on Nasdaq: the Franklin US Equity Bitcoin DRIP Index ETF (FBEQ) and the Franklin US Innovation Bitcoin DRIP Index ETF (FIBT).
Franklin Templeton to Launch Dividend Reinvestment Bitcoin ETFs with 5% BTC Allocation
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Summary
Franklin Templeton filed with the U.S. SEC to launch two Bitcoin ETF news products on Nasdaq. The ETFs, FBEQ and FIBT, will reinvest stock dividends into Bitcoin. Each fund will allocate 5% of assets to BTC. The move brings more Bitcoin exposure to the ETF market.
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