Franklin Templeton Registers Bitcoin DRIP ETFs That Reinvest Stock Dividends Into BTC

Franklin Templeton has wired a stock portfolio’s cash dividends straight into Bitcoin, and the filing that puts the product on a live exchange is now on the SEC’s books. On October 22, the $1.8 trillion asset manager’s Franklin Templeton ETF Trust submitted a Form 8-A registration covering two funds — the Franklin US Equity Bitcoin DRIP Index ETF (FBEQ) and the Franklin US Innovation Bitcoin DRIP Index ETF (FIBT) — for Nasdaq listing under Section 12(b) of the Securities Exchange Act.