Franklin Templeton Registers Two Bitcoin DRIP ETFs on Nasdaq
The asset management giant's new ETFs will convert stock dividends into Bitcoin exposure while maintaining a 20% crypto cap.
The asset management giant's new ETFs will convert stock dividends into Bitcoin exposure while maintaining a 20% crypto cap. Bitcoin (BTC) is trading at $81,413.00, down 0.1% since this brief published. This is an original TLT brief synthesising 3 outlets (TronWeekly, Crypto.news, U.Today), with their figures cross-checked, plus live market data, as of Fri, 23 Oct 2026 19:00:04 UTC.
This development marks a significant step towards mainstream financial products that bridge traditional equities with Bitcoin exposure, potentially increasing institutional adoption and capital flows into crypto.
- Franklin Templeton registered two Bitcoin DRIP ETFs with Nasdaq under tickers FBEQ and FIBT.
- Funds will allocate 95% to US equities and up to 20% to Bitcoin-related investments.
- The ETFs will automatically convert stock dividends into Bitcoin exposure.
- Bitcoin price is up 0.64% in the last 24 hours amid the news.
Multiple outlets (TronWeekly, Crypto.news, and U.Today) confirm Franklin Templeton has registered two Bitcoin dividend reinvestment ETFs with Nasdaq under the proposed tickers FBEQ and FIBT. The asset manager, which oversees $1.8 trillion in assets according to Crypto.news and U.Today, plans to allocate 95% of the funds to US equities with the remaining 5% dedicated to Bitcoin-related investments. However, U.Today specifically emphasizes that the ETFs will systematically convert stock dividends into Bitcoin exposure, while TronWeekly notes that a 20% cap will limit cryptocurrency holdings.
Franklin Templeton, a major asset management firm with $1.8 trillion in assets under management, has registered two new 
Bitcoin dividend reinvestment ETFs with Nasdaq, according to filings reported by multiple outlets.
The ETFs, which will trade under the proposed tickers FBEQ and FIBT, are designed to convert stock dividends into Bitcoin exposure. According to TronWeekly, the funds will initially allocate 95% of their assets to US equities, with the remaining 5% dedicated to Bitcoin-related investments.
While Crypto.news and U.Today corroborate the basic structure of the ETFs, U.Today specifically highlights that the funds will systematically convert stock dividends into Bitcoin exposure. TronWeekly adds that a 20% cap will be imposed on cryptocurrency holdings to manage risk.
This move represents a significant development in the intersection of traditional finance and cryptocurrency markets. Franklin Templeton's entry into the Bitcoin ETF space, particularly with a dividend reinvestment strategy, could attract more institutional investors to crypto.
In the current market context, Bitcoin is trading at $81,521 with a 24-hour increase of 0.64% and a 7-day gain of 0.25%. The total crypto market cap stands at $2.8 trillion, showing a relatively flat trend. The Fear & Greed Index remains at 50, indicating a neutral market sentiment.
Since this brief published about 1 hour ago, Bitcoin (BTC) has moved from $81,521.00 to $81,413.00 — -0.13%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₦112.68M (about $81,413.00), up 0.2% over 24 hours. The naira itself trades about 4.5% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
1 key figure independently matched across 3 outlets reporting this story.
TLT extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Franklin Templeton Registers Two Bitcoin DRIP ETFs on Nasdaq — questions & answers
What is the ticker symbol for Franklin Templeton's Bitcoin ETFs?
The ETFs will trade under the proposed tickers FBEQ and FIBT.
How much of the ETF will be allocated to Bitcoin?
The funds will allocate up to 20% of their assets to Bitcoin-related investments.
What is the current market cap of Bitcoin?
Bitcoin's market cap is $1.64 trillion as of the latest data.
How much is 1 Bitcoin worth in naira today?
About ₦112.68M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $81,413.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 0.13% since this brief first published — trading at $81,413.00 now versus $81,521.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from TronWeekly, Crypto.news, U.Today, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.