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Franklin Templeton launches ETFs pairing US equities with Bitcoin dividend reinvestment

Asset manager Franklin Templeton has launched two exchange-traded funds designed to hold 95% US equities and 5% Bitcoin, with dividends from the underlying stocks automatically reinvested into Bitcoin.

Exterior signage for Franklin Templeton Investments featuring the portrait logo of Benjamin Franklin on a glass building.
Image: @cryptorover

Asset manager Franklin Templeton has launched two exchange-traded funds that combine exposure to traditional equities with Bitcoin, systematically reinvesting dividend payouts from underlying stocks directly into the cryptocurrency, according to reports from The Block and Decrypt.[2][4]

The two funds start with an initial portfolio allocation of 95% equities and 5% Bitcoin. The Franklin U.S. Equity Bitcoin DRIP Index ETF, trading under the ticker FBEQ, tracks an index of approximately 500 large-cap US companies. The Franklin U.S. Innovation Bitcoin DRIP Index ETF, trading under the ticker FIBT, tracks 100 large Nasdaq-listed issuers, excluding financial firms.[2][3][4]

According to The Block, FBEQ carries an expense ratio of 0.09%, while FIBT has an expense ratio of 0.19%. Both funds aim to provide investors with a mechanism to systematically accumulate Bitcoin exposure over time using cash distributions generated from US equities.[1][3][4]

Key facts

  • Franklin Templeton launched two new funds: the Franklin U.S. Equity Bitcoin DRIP Index ETF (FBEQ) and the Franklin U.S. Innovation Bitcoin DRIP Index ETF (FIBT).
  • Both ETFs have an initial asset allocation of 95% US equities and 5% Bitcoin.
  • Dividends received from underlying equity holdings in both funds are systematically reinvested into Bitcoin.
  • FBEQ tracks an index of about 500 large-cap US companies and has an expense ratio of 0.09%.
  • FIBT tracks 100 large Nasdaq-listed issuers, excluding financials, and carries an expense ratio of 0.19%.

Sources 路 4 sources

  1. CB

    Crypto Banter@crypto_banterPost on X 路

    馃毃FRANKLIN TEMPLETON LAUNCHES TWO NEW ETFS TODAY THAT REINVEST STOCK DIVIDENDS INTO BITCOIN! Franklin Templeton is launching the Franklin U.S. Equity Bitcoin DRIP Index ETF and the Franklin US Innovation Bitcoin DRIP Index ETF today. Both give exposure to U.S. stocks and systematically reinvest the dividends from those stocks into bitcoin:native, targeting a 5% Bitcoin allocation.

    Open source
  2. DE

    Decrypt@DecryptMediaPost on X 路

    Franklin Templeton has launched two ETFs, FBEQ and FIBT, that start at 95% US equities and 5% Bitcoin and reinvest stock dividends into Bitcoin. FBEQ tracks about 500 of the largest US companies, while FIBT tracks 100 of the largest Nasdaq-listed US issuers, excluding financials.

    Open source
  3. CO

    CoinMarketCap@CoinMarketCapPost on X 路

    LATEST: 鈿★笍 Franklin Templeton launched two ETFs that let investors build Bitcoin exposure over time by reinvesting US equity dividends into BTC, starting with a 95% equity and 5% Bitcoin allocation. https://t.co/P33Whv2u1I

    Open source
  4. TB

    The Block@TheBlockCoPost on X 路

    THE BLOCK: Franklin Templeton launched two ETFs combining U.S. equities and bitcoin exposure, with dividends from the underlying stocks systematically reinvested into bitcoin, the asset manager said Thursday. The Franklin U.S. Equity Bitcoin DRIP Index ETF (FBEQ) tracks an index of about 500 large-cap U.S. companies, while the Franklin U.S. Innovation Bitcoin DRIP Index ETF (FIBT) tracks 100 large Nasdaq-listed companies. Both ETFs will have initial allocations of 95% to equities and 5% to bitcoin, and expense ratios of 0.09% and 0.19%, respectively.

    Open source