Bitcoin Magazine Franklin Templeton Officially Launches 2 Bitcoin DRIP ETFs That Turn Dividends Into Bitcoin
Two Nasdaq-listed funds route dividends from large U.S. companies into a bitcoin sleeve that grows with every payment.
Franklin Templeton has officially launched two exchange-traded funds that convert stock dividends into bitcoin. The Franklin U.S. Equity Bitcoin DRIP Index ETF (FBEQ) and the Franklin U.S. Innovation Bitcoin DRIP Index ETF (FIBT) will trade on Nasdaq.
The launch completes the last regulatory step after Franklin filed registration papers with the Securities and Exchange Commission on October 22. The filings for both funds arrived in June without tickers or fees. Four months after that filing, the details are in.
How the funds work
Source: Bitcoin Magazine
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