Franklin Templeton Files 2 ETFs With a Bitcoin Twist

TLDR Franklin Templeton registered two Nasdaq ETFs that combine US stock investments with Bitcoin exposure. Both indexes started with a 5% Bitcoin allocation and direct stock dividends into the cryptocurrency. The proposed FBEQ and FIBT funds carry annual fees of 0.09% and 0.19%, respectively. The indexes reduce Bitcoin exposure to 4.5% when it exceeds 5% at quarterly reviews. The October 22 registration does not confirm that either ETF has begun trading. Franklin Templeton registered two Nasdaq exchange-traded funds that combine US stocks with Bitcoin exposure. The funds would direct stock dividends toward Bitcoin instead of buying more shares.

Also reported by CoinTurk News, TronWeekly, DailyCoin, U.Today.

Source: CoinCentral