[Franklin Templeton Launches Two US Stock Dividend Reinvestment Bitcoin ETFs] BlockBeats reports that on October 29th, asset management giant Franklin Templeton announced the launch of two US-listed ETFs: FBEQ, tracking the VettaFi US Large Cap 500 Bitcoin Dividend Reinvestment Index, and FIBT, tracking the VettaFi US Innovation 100 Bitcoin Dividend Reinvestment Index. The management fees are 0.09% and 0.19%, respectively. The initial allocation is approximately 95% US stocks and 5% Bitcoin. The index will reinvest regular and special dividends from its constituent stocks into Bitcoin after the ex-dividend date, thereby increasing the Bitcoin weighting over time. To maintain Bitcoin as a secondary holding, the Bitcoin weighting will be reduced to 4.5% if it exceeds 5% quarterly, and reset to 4.5% two trading days after any closing price within a quarter. Neither fund directly holds Bitcoin; instead, it obtains exposure through Bitcoin ETPs, futures, and options. [Original Link]