Franklin Templeton Applies to Launch Dividend Reinvestment Bitcoin ETFs

06/19 10:55

On June 19, Franklin Templeton submitted an application to the U.S. Securities and Exchange Commission (SEC) to launch two ETFs that will automatically reinvest stock dividends into Bitcoin. The ETFs are named Franklin US Equity Bitcoin DRIP Index ETF and Franklin US Innovation Bitcoin DRIP Index ETF, and they are expected to be effective as early as September 1, 2026. These ETFs will track the VettaFi US Large-Cap 500 Bitcoin DRIP Index and related innovation indices, with an initial allocation of 95% in U.S. large-cap stocks and 5% in Bitcoin. During quarterly rebalancing, if the Bitcoin allocation exceeds 5%, it will be adjusted to 4.5%, with a maximum Bitcoin allocation not exceeding 20%. Bitcoin exposure will be achieved through instruments such as spot Bitcoin ETPs, futures, and options.
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