Franklin Templeton launches two ETFs combining U.S. equities and Bitcoin
BEN•Franklin Templeton launched two Nasdaq-listed ETFs combining U.S. equities with Bitcoin exposure. Both start with 95% allocated to equity indexes and 5% to Bitcoin; FBEQ charges 9 basis points and FIBT charges 19 basis points.
1. Two new funds
Franklin Templeton launched the Franklin U.S. Equity Bitcoin DRIP Index ETF (FBEQ) and Franklin U.S. Innovation Bitcoin DRIP Index ETF (FIBT), both set to list on Nasdaq. FBEQ covers approximately 500 leading U.S. companies by market capitalization, while FIBT covers 100 leading Nasdaq-listed U.S. nonfinancial issuers by market capitalization.
2. Bitcoin allocations
Both ETFs start with 95% allocated to their respective equity indexes and 5% to Bitcoin. Equity dividends are systematically reinvested into Bitcoin, and quarterly exposure reviews are designed to keep Bitcoin a secondary allocation. FBEQ charges 9 basis points and FIBT charges 19 basis points.
