Franklin Templeton Files for 2 ETFs That Reinvest Stock Dividends Into Bitcoin

crypto 3 posts · 3 accounts

Franklin Templeton is seeking approval for two exchange-traded funds that would automatically channel stock dividends into Bitcoin exposure. Under the proposed structure, the funds would start with a 95/5 equity-to-Bitcoin split and cap Bitcoin exposure at 20%.

One proposed product is the Franklin US Equity Bitcoin DRIP Index ETF. The filings describe an equity portfolio with dividend reinvestment directed to Bitcoin exposure.

From the sources (3 posts)

@theblockco

Franklin Templeton files for ETFs that reinvest stock dividends into bitcoin

@coindesk

NEW: Franklin Templeton files for two ETFs that would automatically reinvest stock dividends into $BTC, starting with a 95/5 equity-to-Bitcoin split, with exposure capped at 20%.

@cointelegraph

🔥 NEW: Franklin Templeton has filed for the Franklin US Equity Bitcoin DRIP Index ETF, which reinvests dividends into Bitcoin exposure.

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