Franklin Templeton’s Dividend-to-Bitcoin ETFs Open on Nasdaq With About $72,000 in Trades

Franklin Templeton’s FBEQ and FIBT, two ETFs whose indexes reinvest their companies’ dividends in bitcoin, drew about $72,000 of trading in their first Nasdaq session on Thursday, Oct. 29, by Unchained’s calculation from Nasdaq’s daily trading data. FBEQ accounted for 2,461 shares , about $62,000 at its $25.28 close, and FIBT for 399 shares , about $9,800 at its $24.52 close. The Franklin US Equity Bitcoin DRIP Index ETF (FBEQ) charges 0.09% a year and the Franklin US Innovation Bitcoin DRIP Index ETF (FIBT) charges 0.19% , with no 12b-1 distribution fee on either, according to the FBEQ summary prospectus and FIBT summary prospectus filed with the SEC on Oct. 27.

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