Franklin Templeton registers 2 Bitcoin DRIP ETFs combining US stocks and crypto

Franklin Templeton, a global asset management firm overseeing $1.8 trillion in assets, has announced the registration of two innovative exchange-traded funds (ETFs) designed to blend traditional U.S. stock investing with gradual exposure to Bitcoin . The new funds, titled the Franklin US Equity Bitcoin DRIP Index ETF (FBEQ) and the Franklin US Innovation Bitcoin DRIP Index ETF (FIBT), mark a further expansion of the firm’s activity in the cryptocurrency investment sector. Unlike most spot Bitcoin ETFs that directly track the price of the cryptocurrency, FBEQ and FIBT will primarily invest in U.S. equities, allocating 95% of their portfolios to stocks while dedicating the remaining 5% to Bitcoin-related assets.

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