Update
Franklin Templeton Moves Bitcoin ETFs Closer to Nasdaq Trading
Franklin Templeton has completed securities registrations for two Bitcoin-focused exchange-traded funds (ETFs) that will trade on Nasdaq. The funds, expected to be named FBEQ and FIBT, will combine investments in major US companies with Bitcoin exposure funded through stock dividends. The first fund will track 500 major US companies, while the second will target 100 innovation-focused businesses. Both funds will initially allocate 95% to equities and 5% to Bitcoin-related investments, with quarterly rebalancing to limit Bitcoin exposure above 5%. The annual management fee is 0.09%.