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06/20 13:52Alcista

Franklin proposes ETF that reinvests stock dividen

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Franklin proposes ETF that reinvests stock dividends into Bitcoin exposure Franklin Templeton has filed with the U.S. Securities and Exchange Commission to launch a new exchange-traded fund that would convert stock dividends into Bitcoin exposure. This offers investors a hybrid strategy that combines large-cap U.S. equities with systematic BTC accumulation. The proposed product, called the Franklin US Equity Bitcoin DRIP Index ETF, seeks to track the VettaFi US Large-Cap 500 Bitcoin DRIP Index, according to a June 18 filing. Unlike spot Bitcoin ETFs, which provide direct exposure to Bitcoin’s price, the proposed fund would primarily hold large-cap U.S. stocks while using dividends generated by those holdings to increase its Bitcoin allocation over time.
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