Crypto Without Buying Crypto: Expert Decodes Franklin Templeton's New Bitcoin Play
BTC when published $80,115Now $80,595 ▲ +0.60% since it was published
Franklin Templeton has found a way to give retail investors access to digital assets without the need to buy them directly. The financial group with $1.8 trillion in assets has completed the SEC registration of two hybrid funds, Franklin US Equity Bitcoin DRIP Index ETF (FBEQ) and Franklin US Innovation Bitcoin DRIP Index ETF (FIBT). The instruments have been approved for listing on Nasdaq, and well-known investment expert Nate Geraci described their architecture as "smart product design" that completely changes the usual mechanics of retail cryptocurrency ownership. The whole idea of the strategy rests on automatic dividend reinvestment (DRIP). The investor enters classic American stocks, but the issuer directs the entire incoming cash flow from them toward buying Bitcoin, relieving the client of the need to purchase coins on an…
First reported by U.Today. This page is a short excerpt; the full text is theirs.
