Bitcoin · CoinDesk
Franklin Templeton proposes new ETFs that turn corporate dividends into bitcoin
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Key facts
- In recent years, experts have recommended that investors allocate 1%-5% of their portfolios to bitcoin BTC $ 63,634.31, hailing the cryptocurrency as a diversifier
- In a Thursday filing with the Securities and Exchange Commission, the company registered the Franklin US Equity Bitcoin DRIP Index ETF and the Franklin US Innovation Bitcoin DRIP Index ETF
- Both are designed to maintain an allocation of 95% in U.S. equities and 5% in bitcoin
- The bulls still have some hope, as a formal break of the trend would require the price to settle below previous lows near $61.5K
Summary
In recent years, experts have recommended that investors allocate 1%-5% of their portfolios to bitcoin BTC $ 63,634.31, hailing the cryptocurrency as a diversifier. Now Franklin Templeton, which manages billions of dollars for clients, is looking to offer two alternative investment vehicles that do that. In a Thursday filing with the Securities and Exchange Commission, the company registered the Franklin US Equity Bitcoin DRIP Index ETF and the Franklin US Innovation Bitcoin DRIP Index ETF. Both are designed to maintain an allocation of 95% in U.S. equities and 5% in bitcoin.