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first_img Franklin Templeton completes the final regulatory procedures before the listing of the Bitcoin dividend ETF

According to Bitcoin Magazine, Franklin Templeton, with assets under management of $1.7 trillion, has completed the final regulatory procedure before listing two ETFs that convert stock dividends into Bitcoin.On October 22, the company submitted Form 8-A to the U.S. Securities and Exchange Commission to register shares of the Franklin US Equity Bitcoin DRIP Index ETF and the Franklin US Innovation Bitcoin DRIP Index ETF for trading on NASDAQ. The prospectus submitted on the same day indicates an effective date of October 27. These two funds were first filed in June of this year, with codes and fees not disclosed at that time.The stock fund code is FBEQ, which tracks the VettaFi US Large-Cap 500 Bitcoin DRIP Index. This index holds the 500 largest companies in the U.S. by market capitalization, weighted by free float. As of September 30, it actually held 499 stocks, with a concentration in the information technology sector. The fund's initial allocation is 95% stocks and 5% Bitcoin, with regular or special dividends distributed by companies being used to purchase Bitcoin at the opening of the next trading day after the ex-dividend date, increasing the Bitcoin allocation with each dividend payment.During quarterly rebalancing, any Bitcoin allocation exceeding 5% will be reduced to 4.5%; if the Bitcoin allocation exceeds 20% between two rebalancing periods, it will be brought down to 4.5% within two trading days, with the funds flowing back into stocks. The fund does not directly hold on-chain Bitcoin but gains exposure through Bitcoin exchange-traded products (including its own spot fund), futures and options, or depository receipts, with some achieved through a subsidiary in the Cayman Islands. The FBEQ fee is 0.09%, with no 12b-1 fees, managed by Franklin Advisory Services, and Franklin Templeton Institutional serves as a sub-advisor. The innovation fund employs the same mechanism, tracking the VettaFi US Innovation 100 Bitcoin DRIP Index, with components from the 100 largest non-financial companies listed on NASDAQ.Franklin Templeton had previously filed for a spot Bitcoin ETF in September 2023 and launched it in January 2024 under the code EZBC; in April of this year, it acquired 250 Digital and established an institutional digital asset department, Franklin Crypto. These two DRIP funds extend the strategy to investors who will not purchase Bitcoin on their own.

YZi Labs launched the first phase of the Atlas Scout program to assist the new generation of college student entrepreneurs in obtaining early support

According to official news, YZi Labs announced the launch of the first phase of the Atlas Scout program, recruiting four students from Stanford University, Yale University, the University of California, Berkeley, and the University of California, Los Angeles, to participate in early investment projects in the fields of Web3, artificial intelligence (AI), and biotechnology.The program aims to allow outstanding university students to gain early exposure to venture capital, participate in project discovery, preliminary research, due diligence, and investment judgment, and encourage them to organize entrepreneurial communities on campus and explore investment opportunities. YZi Labs will provide a maximum of $1 million in intended investment for related investment opportunities in this program and open its ecosystem network composed of over 300 portfolio companies.YZi Labs stated that many potential entrepreneurs often begin their explorations in laboratories, open-source projects, campus entrepreneurial organizations, and technology communities before entering traditional financing channels, and their peers who learn and work with them usually discover their potential earlier. The Atlas Scout program hopes to leverage students' own campus networks to help these early entrepreneurs obtain capital, mentorship, and industry resources. Eligible entrepreneurial teams will also have the opportunity to connect with YZi Labs' EASY Residency program or further discuss investment collaboration.The Atlas Scout program not only expands financing and resource channels for early entrepreneurs but also allows participating students to accumulate venture capital experience through practical projects, enhancing their project evaluation, founder communication, and investment judgment skills.YZi Labs stated that Scouts can independently carry out campus activities based on their interests, such as organizing technical exchanges, gathering entrepreneurial teams, or discovering potential investment projects, while receiving guidance and ecosystem resource support from YZi Labs in the process. The program aims to establish connections before entrepreneurial projects gain widespread attention, allowing initial ideas on campus to have the opportunity to develop into actual projects, while cultivating a new generation of investors who can identify technological trends and entrepreneurial potential earlier.

Solana staking protocol Marinade's staking volume for SOL increased to 7.94 million coins in the third quarter

Marinade, the Solana staking service protocol, released its Q3 2026 report. As of September 30, the amount of SOL staked was 7.94 million, a quarter-over-quarter increase of 21.2%, mainly driven by the non-custodial native staking product Native and the institutional-focused Select. The amount staked in Native increased by 47.3% quarter-over-quarter to approximately 3.77 million, while Select grew by 38.7% to about 1.68 million, and mSOL decreased by 6.8% to around 2.27 million.Revenue for the third quarter was approximately $1 million, corresponding to 10,918 SOL, a quarter-over-quarter increase of 25.9%, primarily from validator margin settlement income, which grew by 38.1% quarter-over-quarter. In the staking auction market, 48 out of 51 epochs in the quarter had yields higher than the Solana staking index, with an average yield before Marinade fees of 5.93%, compared to 5.67% for the index during the same period.In governance, since the implementation of MIP-22 in July, Marinade has used 10% of auction fees to repurchase MNDE on the open market. In the third quarter, a total of 4.2 million MNDE was repurchased with 906.6 SOL, and the first distribution opened on October 1. The report also disclosed that on September 25, attackers exploited a vulnerability in the DAO voting process to submit two malicious proposals, one of which involved transferring DAO treasury assets; the council vetoed both proposals within about 6 hours, and the fix was completed that night, with no funds being transferred.
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