Franklin Templeton receives Nasdaq approval to list two Bitcoin dividend‑reinvestment ETFs
Franklin Templeton secured Nasdaq approval to list two Bitcoin DRIP ETFs that will automatically convert stock dividends into Bitcoin exposure. The funds will trade under the tickers FBEQ and FIBT and will charge an annual management fee of 0.09%. Bitcoin exposure is limited to a maximum of 20% of each fund’s portfolio. The asset manager, which oversees $1.8 trillion in assets, already runs the spot‑Bitcoin ETF EZBC, which has attracted about $335 million in net inflows.
Why it matters
The approval enables Franklin Templeton to launch the first Bitcoin dividend‑reinvestment ETFs in the U.S., expanding investor access to crypto exposure through a traditional equity‑focused structure. The new products may draw capital away from existing spot‑Bitcoin ETFs and could increase fee revenue for the firm.
Key facts
- 1Nasdaq approved Franklin Templeton to list two Bitcoin DRIP ETFs. en.bloomingbit.io
- 2The ETFs will trade under the tickers FBEQ and FIBT. crypto.news
- 3Both funds will charge an annual management fee of 0.09%. crypto.news
- 4Bitcoin allocation is capped at 20% of each fund’s portfolio. crypto.news
- 5Franklin Templeton manages $1.8 trillion in assets. crypto.news
- 6The existing spot‑Bitcoin ETF EZBC has attracted approximately $335 million in net inflows. crypto.news
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.