Bitcoin ETF · Bitcoin · SEC · CryptoSlate
The two proposed ETFs would function as passive index trackers launched around VettaFi benchmarks
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The Franklin US Equity Bitcoin DRIP Index ETF would seek to mirror the VettaFi US Large-Cap 500 Bitcoin DRIP Index.
Key facts
- Since their 2024 launch, US spot Bitcoin ETFs have attracted $53.40 billion in net inflows since launch and hold $78.32 billion in assets, SoSoValue data show
- The Franklin US Innovation Bitcoin DRIP Index ETF would track the VettaFi US Innovation 100 Bitcoin DRIP Index, targeting the 100 largest non-financial companies listed on the Nasdaq Stock Market
- The Franklin US Equity Bitcoin DRIP Index ETF would seek to mirror the VettaFi US Large-Cap 500 Bitcoin DRIP Index
- Individual stocks are capped at 20%, while the combined weight of companies above 5% cannot exceed 40%
Summary
01 Franklin Templeton filed two ETFs that would buy US stocks and reinvest dividends into Bitcoin-linked assets. 02 The design blends equity exposure with automated Bitcoin accumulation, targeting investors who prefer familiar ETF wrappers over direct crypto. 03 SEC approval, fees, tickers, and launch timing remain undisclosed, while tax and Bitcoin volatility risks could force changes. Franklin Templeton, the $1.78 trillion asset management firm, is attempting to push cryptocurrency deeper into conventional investment portfolios with a new proposal that would automatically redirect stock dividends into Bitcoin exposure. On June 18, the asset manager filed paperwork with the US Securities and Exchange Commission (SEC) to launch two exchange-traded funds that would hold US equities while filtering corporate payouts into digital asset investments.