Update
Franklin Templeton Gets Nasdaq Approval for Bitcoin ETFs
Franklin Templeton, a $1.8 trillion asset management company, has received Nasdaq approval to list two new Bitcoin-focused ETFs. These ETFs will convert U.S. stock dividends into Bitcoin exposure, with 95% of their capital invested in U.S. equities and 5% in Bitcoin-related assets. The products, Franklin US Equity Bitcoin DRIP Index ETF (FBEQ) and Franklin US Innovation Bitcoin DRIP Index ETF (FIBT), will follow indexes created by VettaFi, with the FBEQ focusing on large-cap U.S. companies and the FIBT on innovation stocks. This is another step in Franklin Templeton's expanding presence in the cryptocurrency sector, which already includes the Franklin Bitcoin ETF (EZBC).