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Franklin Templeton registers Bitcoin dividend ETFs and expands XRP Ledger fund
Franklin Templeton has filed to register two new exchange-traded funds (ETFs) on Nasdaq: the Franklin U.S. Equity Bitcoin DRIP Index ETF and the Franklin U.S. Innovation Bitcoin DRIP Index ETF. These funds are designed to reinvest stock dividends into Bitcoin, starting with a 95% allocation to equities and 5% to Bitcoin. The registration is set to become effective on October 27, though a specific trading date has not been announced.
Separately, the asset manager has significantly expanded its presence on the XRP Ledger. Recent on-chain data shows that approximately $150 million in new subscriptions were added to its tokenized money market fund, sgBENJI. This influx has caused the number of sgBENJI shares on the network to increase from roughly 48 million to nearly 193 million, bringing the total value of the position to between $193 million and $200 million. The new shares are held in a single wallet controlled by the issuer's authorized signers.
Entities
Bitcoin · BlackRock · Coinbase Prime · Franklin Templeton · Nasdaq · U.S. Securities and Exchange Commission · XRP Ledger
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] The total value of the sgBENJI position on the XRP Ledger is approximately $193 million to $200 million. koinbulteni.com
- [● 3 SOURCES] The registration for the new ETFs is set to become effective on October 27. bitnewsbot.com · www.tokenpost.com · newsable.asianetnews.com
- [● 4 SOURCES] The funds will start with a 95% allocation to stocks and 5% to Bitcoin. bitnewsbot.com · www.tokenpost.com · newsable.asianetnews.com · thecoinrise.com
- [● 4 SOURCES] The new ETFs will reinvest stock dividends into Bitcoin. bitnewsbot.com · mycryptoparadise.com · www.tokenpost.com · newsable.asianetnews.com
- [● 2 SOURCES] The number of sgBENJI shares on the XRP Ledger increased from 48 million to nearly 193 million. koinbulteni.com
- [● 3 SOURCES] Franklin Templeton added approximately $150 million to its tokenized money market fund on the XRP Ledger. koinbulteni.com · www.soldionline.it
- [● 4 SOURCES] Franklin Templeton registered two Bitcoin dividend reinvestment ETFs on Nasdaq. bitnewsbot.com · mycryptoparadise.com · www.tokenpost.com · newsable.asianetnews.com
- [● 3 SOURCES] The new XRP Ledger fund shares are held in a single wallet controlled by the issuer's authorized signers. koinbulteni.com · www.soldionline.it