Bitcoin · The Block
Franklin Templeton files for ETFs that reinvest stock dividends into bitcoin
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Asset manager Franklin Templeton has filed for two new exchange-traded funds that would reinvest stock dividends into bitcoin.
Key facts
- As of April 30, the equity index held approximately 498 securities, with market caps ranging from $7.5 billion to $4.9 trillion, per the filing
- The firm's Thursday filing shows that Franklin is registering two ETFs, Franklin US Equity Bitcoin DRIP Index ETF and Franklin US Innovation Bitcoin DRIP Index ETF, with an expected effective date as early as Sept
- Specifically, the index is designed to launch with a 95% allocation to U.S. large-cap equities and a 5% allocation to bitcoin
- The funds are designed to track the VettaFi US Large-Cap 500 Bitcoin DRIP Index and a related innovation variant
Summary
The firm's Thursday filing shows that Franklin is registering two ETFs, Franklin US Equity Bitcoin DRIP Index ETF and Franklin US Innovation Bitcoin DRIP Index ETF, with an expected effective date as early as Sept. 1, 2026. The funds are designed to track the VettaFi US Large-Cap 500 Bitcoin DRIP Index and a related innovation variant. Specifically, the index is designed to launch with a 95% allocation to U.S. large-cap equities and a 5% allocation to bitcoin. As of April 30, the equity index held approximately 498 securities, with market caps ranging from $7.5 billion to $4.9 trillion, per the filing.