Franklin Templeton launches two US-listed Bitcoin dividend reinvestment ETFs

Franklin Templeton has launched two ETFs, FBEQ and FIBT, tracking the VettaFi US Large Cap 500 Bitcoin Dividend Reinvestment Index and the VettaFi US Innovation 100 Bitcoin Dividend Reinvestment Index, respectively, with management fees of 0.09% and 0.19%. The initial allocation is 95% US stocks and 5% Bitcoin exposure, with the Bitcoin weighting dynamically adjusted through a dividend reinvestment mechanism, and exposure obtained using Bitcoin ETPs, futures, and options.