Franklin Templeton Files Two Bitcoin DRIP ETFs That Redirect Stock Dividends Into BTC

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On June 18, Franklin Templeton ETF Trust filed with the SEC to launch two new exchange-traded funds that combine U.S. equity exposure with systematic bitcoin allocation through dividend reinvestment. The Franklin US Equity Bitcoin DRIP Index ETF and Franklin US Innovation Bitcoin DRIP Index ETF would track indexes developed by VettaFi, starting with 95% allocation to equities and 5% to bitcoin. Dividend proceeds from equity holdings are systematically reinvested into bitcoin-related investments, allowing the cryptocurrency allocation to grow over time. The first fund tracks the 500 largest U.S. companies by market cap, while the second follows the 100 largest Nasdaq-listed companies excluding financial firms.
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