Franklin Templeton has registered two Nasdaq-listed ETFs, FBEQ and FIBT, which hold U.S. stocks and convert every ordinary or special dividend into bitcoin. At launch, their indexes will consist of 95% stocks and 5% bitcoin, with quarterly rebalancing reducing the bitcoin allocation to 4.5% when required. The funds may also use bitcoin products, futures, options and certificates of deposit, subject to the limits set out in their prospectuses. FBEQ and FIBT charge annual fees of 0.09% and 0.19%, respectively, but no date has yet been announced for their first trading session.
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