Franklin Templeton’s new Bitcoin ETFs cap crypto exposure at 5%

The FBEQ and FIBT funds pair US stocks with a small, tightly rebalanced Bitcoin sleeve, a design that could limit upside in big rallies Franklin Templeton wants to give stock investors a taste of Bitcoin. Just a taste, though. The asset manager launched two exchange-traded funds on Nasdaq on October 29, 2026, that blend US equities with indirect Bitcoin exposure. The catch is a hard ceiling: Bitcoin is held to roughly 5% of each portfolio, with automatic trims whenever it gets too big. What Franklin Templeton actually launched The two products are the Franklin U.S. Equity Bitcoin DRIP Index ETF, trading as FBEQ, and the Franklin U.S. Innovation Bitcoin DRIP Index ETF, trading as FIBT. Both start with the same split: 95% US equities and 5% Bitcoin exposure. FBEQ tracks the VettaFi U.S. Large-Cap 500 Bitcoin DRIP Index and charges a 0.09% expense ratio. FIBT follows the VettaFi U.S. Innovation 100 Bitcoin DRIP Index and carries a 0.19% fee. Neither fund holds Bitcoin directly on-chain. Instead, the crypto exposure comes through affiliated exchange-traded products, futures, options and similar instruments. The DRIP twist and the rebalancing leash These funds do something different wit...