Franklin Templeton’s Dividend-to-Bitcoin ETFs Open on Nasdaq With About $72,000 in Trades
By Unchained
AI summary of the source article
Franklin Templeton launched two ETFs on Nasdaq, FBEQ and FIBT, which reinvest corporate dividends into bitcoin. The funds drew roughly $72,000 in trading volume during their first session on October 29.
Key facts
- FBEQ and FIBT launched on Nasdaq, generating approximately $62,000 and $9,800 in trading volume respectively on their first day.
- The ETFs track indexes that start with a 95% stock and 5% bitcoin allocation, reinvesting all dividends into bitcoin.
- FBEQ charges an annual fee of 0.09%, while FIBT charges 0.19%.
Source excerpt · Unchained
FBEQ and FIBT, which first traded on Thursday, build their bitcoin slice from dividends and reach it through ETPs, derivatives and depositary receipts rather than holding bitcoin directly, per their prospectuses. The post Franklin Templeton’s Dividend-to-Bitcoin ETFs Open on Nasdaq With About $72,000 in Trades appeared first on Unchained .