Franklin Templeton Gets Approval for Two Funds That Reinvest Dividends in Bitcoin
Franklin Templeton, a $1.7 trillion asset manager, has registered two Nasdaq-listed funds. Each fund holds a 95/5 mix of U.S. stocks and bitcoin, and every dividend is used to buy more bitcoin. For traders, this adds a new regulated route into bitcoin that builds exposure over time.
Why it matters
- Both funds are registered and listed on Nasdaq, a regulated U.S. exchange.
- Each fund is set at a 95/5 split between U.S. stocks and bitcoin.
- Every dividend received is used to buy more bitcoin, so the bitcoin position grows.
What to watch next
Watch for the funds' first trading day and any early reports on how much money flows into them.
