Key facts
- Franklin Templeton's two Bitcoin ETFs have become effective.
- The ETFs will reinvest stock dividends into Bitcoin.
- They will list on Nasdaq under tickers FBEQ and FIBT.
- FBEQ has a 0.09% management fee and tracks the VettaFi US Large Cap 500 Bitcoin DRIP Index.
- FIBT has a 0.19% management fee and tracks the VettaFi US Innovation 100 Bitcoin DRIP Index.
- Initial investment is 95% US stocks and 5% Bitcoin.
Franklin Templeton's two new Bitcoin ETFs, the Franklin US Equity Bitcoin DRIP Index ETF (FBEQ) and the Franklin US Innovation Bitcoin DRIP Index ETF (FIBT), have become effective, clearing a key regulatory step for their launch on Nasdaq. The ETFs are designed to systematically reinvest stock dividends into Bitcoin ETPs, derivatives, and other instruments. FBEQ will track the VettaFi US Large Cap 500 Bitcoin DRIP Index with a 0.09% management fee, while FIBT will track the VettaFi US Innovation 100 Bitcoin DRIP Index with a 0.19% fee. Both ETFs will initially invest 95% in US stocks and 5% in Bitcoin, with quarterly rebalancing to maintain Bitcoin exposure around 4.5% if it exceeds 5%.