••• Franklin US Innovation $BTC
DRIP Index ETF ($FIBT): Focused on 100 Nasdaq companies driving innovation and technological growth. Annual fee: 0.19%.
#franklintempletonfilesfortwodividendtobitcoinetfs
Global asset manager Franklin Templeton has completed the final regulatory step to launch two innovative ETFs that automatically channel dividends from US stocks into Bitcoin exposure. The firm filed Form 8-A with the SEC, setting the effective date for its prospectuses, and plans to list the funds on the Nasdaq exchange.
📊 Key details of the DRIP strategy Bitcoin
Unlike traditional funds that reinvest earnings in more shares (Dividend Reinvestment Plans, or DRIPs), these new products redirect those cash flows directly into cryptocurrency.
••• The two proposed funds:
••• Franklin US Equity Bitcoin DRIP Index ETF ($FBEQ): Based on the 500 largest US companies by market capitalization. Annual fee: 0.09%.
••• Franklin US Innovation Bitcoin DRIP Index ETF ($FIBT): Focused on 100 Nasdaq companies driving innovation and technological growth. Annual fee: 0.19%.
••• Initial composition: Both indexes start with 95% stocks and 5% Bitcoin exposure.
••• Accumulation mechanism: All ordinary and special dividends are used to purchase Bitcoin on the day after the ex-dividend date.
••• Rebalancing rules:
••• If Bitcoin exceeds 5% at the quarterly review, its allocation is cut to 4.5%.
••• There is a maximum cap of 20%; if that level is exceeded at any time, the fund automatically sells Bitcoin to bring its allocation back to 4.5%.
••• Exposure method: They do not buy cryptocurrency directly on-chain, but gain exposure through other exchange-traded products (such as their own spot ETF, EZBC), futures, and options. #writetoearn
DRIP Index ETF ($FIBT): Focused on 100 Nasdaq companies driving innovation and technological growth. Annual fee: 0.19%.
#franklintempletonfilesfortwodividendtobitcoinetfs
Global asset manager Franklin Templeton has completed the final regulatory step to launch two innovative ETFs that automatically channel dividends from US stocks into Bitcoin exposure. The firm filed Form 8-A with the SEC, setting the effective date for its prospectuses, and plans to list the funds on the Nasdaq exchange.
📊 Key details of the DRIP strategy Bitcoin
Unlike traditional funds that reinvest earnings in more shares (Dividend Reinvestment Plans, or DRIPs), these new products redirect those cash flows directly into cryptocurrency.
••• The two proposed funds:
••• Franklin US Equity Bitcoin DRIP Index ETF ($FBEQ): Based on the 500 largest US companies by market capitalization. Annual fee: 0.09%.
••• Franklin US Innovation Bitcoin DRIP Index ETF ($FIBT): Focused on 100 Nasdaq companies driving innovation and technological growth. Annual fee: 0.19%.
••• Initial composition: Both indexes start with 95% stocks and 5% Bitcoin exposure.
••• Accumulation mechanism: All ordinary and special dividends are used to purchase Bitcoin on the day after the ex-dividend date.
••• Rebalancing rules:
••• If Bitcoin exceeds 5% at the quarterly review, its allocation is cut to 4.5%.
••• There is a maximum cap of 20%; if that level is exceeded at any time, the fund automatically sells Bitcoin to bring its allocation back to 4.5%.
••• Exposure method: They do not buy cryptocurrency directly on-chain, but gain exposure through other exchange-traded products (such as their own spot ETF, EZBC), futures, and options. #writetoearn
