Franklin Templeton wins Nasdaq approval for two Bitcoin DRIP strategy ETFs
- —Nasdaq cleared tickers FBEQ and FIBT, each with a 0.09% management fee
- —VettaFi indexes hold 95% in US equities and 5% in Bitcoin instruments
- —Dividends are converted into BTC the day after each ex-dividend date
- —Franklin's spot Bitcoin ETF EZBC has drawn $335 million in total inflows
Why it matters: A major asset manager is building a passive dividend-funded inflow channel into Bitcoin.
Source: CoinGape