Franklin Templeton plans 2 ETFs that turn stock dividends into Bitcoin

Franklin Templeton has moved closer to launching two exchange-traded funds that would invest in U.S. stocks and reinvest dividends into Bitcoin exposure, with new regulatory filings detailing their fees, portfolio allocations and trading plans. Summary Franklin Templeton registered two dividend-to-Bitcoin ETFs for Nasdaq trading. The equity ETF lists a 0.09% fee, while the innovation fund lists 0.19%. Both strategies begin with 5% Bitcoin exposure and reinvest stock dividends. Bitcoin allocations face quarterly rebalancing and a separate 20% limit. According to an October 22 SEC registration, the Franklin US Equity Bitcoin DRIP Index ETF and Franklin US Innovation Bitcoin DRIP Index ETF have registered their shares for trading on Nasdaq. The funds would combine conventional stock investing with a system that directs dividend income toward Bitcoin-linked investments. Their proposed tickers are FBEQ and FIBT, although Franklin Templeton has not confirmed when trading will begin. Franklin Templeton combines U.S. stocks with Bitcoin exposure ETF analyst Nate Geraci drew attention to the products on October 26, describing them as funds that would hold American stocks while directing the...