Franklin Templeton Files Two Bitcoin DRIP ETFs With 5% BTC Allocation on June 18

According to NADA News, Franklin Templeton filed two ETFs with the SEC on June 18, designed to reinvest U.S. stock dividends into Bitcoin. The products—Franklin U.S. Equity Bitcoin DRIP Index ETF and Franklin U.S. Innovation Bitcoin DRIP Index ETF—will track large-cap U.S. stocks and the top 100 Nasdaq-listed non-financial companies, respectively, with a 5% Bitcoin allocation and 95% stock allocation.

Instead of direct Bitcoin purchases, these ETFs will reinvest regular and special dividends from stock holdings into the Bitcoin allocation, with quarterly rebalancing to maintain the target allocation. Bitcoin price exposure will be accessed through ETPs, futures, options, and depositary receipts.