Franklin Templeton proposes ETFs that turn dividends into bitcoin

Franklin Templeton filed with the Securities and Exchange Commission to register two exchange-traded funds, the Franklin US Equity Bitcoin DRIP Index ETF and the Franklin US Innovation Bitcoin DRIP Index ETF. Both are designed to maintain a 95% allocation to U.S.

equities and 5% to bitcoin, holding large-cap U.S. stocks; the first offers broad market exposure and the second focuses on growth and innovation companies. Any dividends collected will be reinvested in bitcoin ETFs, futures or other instruments. The structure effectively creates an automatic, low-maintenance 5% bitcoin feed funded entirely by equity dividends.

If approved, the ETFs could begin trading as early as September. The filing shows growing institutional comfort with marrying traditional equities and cryptocurrency in regulated wrappers. The filings follow the recent debut of BlackRock's Income ETF, and the 11 spot bitcoin ETFs in the U.S.

United States

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