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Summary
- The first day of trading for the two funds, the Franklin US Equity Bitcoin DRIP Index ETF (FBEQ) and the Franklin US Innovation Bitcoin DRIP Index ETF (FIBT), saw a combined trading volume of approximately $72,000, according to Unchained’s review of Nasdaq’s daily trading figures.
- Details of FBEQ and FIBT ETFs FBEQ traded 2,461 shares, corresponding to around $62,000 based on its closing price of $25.28.
- FIBT recorded a volume of 399 shares, equating to roughly $9,800 at a close of $24.52.
- Both ETFs structure their indexes to reinvest any cash dividends paid by underlying companies directly into bitcoin, increasing the funds’ bitcoin exposure between regular rebalancing periods.
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