Franklin Templeton moves closer to launching two Bitcoin DRIP ETFs on Nasdaq
Franklin Templeton registered two Bitcoin dividend reinvestment ETFs for Nasdaq trading, expected to trade under tickers FBEQ and FIBT. The funds will invest in US stocks and use dividends to accumulate Bitcoin exposure. Both ETFs will charge a 0.09% annual fee, with Bitcoin allocation capped at 20%. Franklin Templeton also operates the Franklin Bitcoin ETF (EZBC), which has seen $335 million in net inflows.
