SEC Filing Lists Oct. 27 Effective Date for Franklin Templeton Bitcoin ETFs

An SEC filing lists Oct. 27 as the registration effective date for two Franklin Templeton funds that would reinvest stock dividends to add Bitcoin exposure; the date does not establish when trading will start. The funds, identified as FBEQ and FIBT, would target about 95% U.S. equity exposure and 5% Bitcoin (BTC) exposure. Dividends from their stock holdings would be reinvested to increase Bitcoin exposure rather than distributed to investors. FBEQ would track a large-cap U.S. stock index covering about 500 companies and lists a 0.09% annual fee. FIBT would follow an innovation-themed index of 100 U.S.