Franklin Templeton Launches Two Nasdaq-Listed Bitcoin DRIP ETFs

Franklin Templeton launched two Nasdaq-listed ETFs, FBEQ and FIBT, that reinvest dividends from the 500 largest U.S. companies into a bitcoin sleeve. Each dividend payment is converted into bitcoin at market open the day after the ex-date, causing the BTC allocation to grow incrementally. The fund caps bitcoin exposure at 5% through quarterly rebalancing and automatic reductions if allocations exceed 20% between rebalances. The product provides equity investors with recurring bitcoin exposure without requiring personal wallet or custody management.