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Franklin Templeton's two US stock dividend payouts will be invested in a Bitcoin ETF, which is nearing its launch.

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Franklin Templeton's two new Bitcoin DRIP ETFs (FBEQ and FIBT) are nearing launch, with SEC filings set to take effect on October 27. Both funds target a 95% allocation to US stocks and 5% to Bitcoin, automatically reinvesting dividends from their constituent stocks into their Bitcoin exposure. FBEQ tracks a large-cap US stock index with an annual expense ratio of 0.09%; FIBT tracks a 100 innovative companies index with an annual expense ratio of 0.19%. Both funds plan to list on Nasdaq. Their Bitcoin exposure will be constructed through spot ETPs, futures, and a Cayman Islands subsidiary, and will be rebalanced quarterly to reduce the overweighted Bitcoin allocation back to 4.5%. (Source: Bitcoin News)

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