Franklin Templeton Files to Launch Dividend Reinvestment Bitcoin ETF

BlockBeats News, June 19, Franklin Templeton has submitted an application to the U.S. Securities and Exchange Commission (SEC) to launch two ETFs that will automatically reinvest stock dividends in Bitcoin. The ETFs are named Franklin US Equity Bitcoin DRIP Index ETF and Franklin US Innovation Bitcoin DRIP Index ETF, and are expected to be effective no earlier than September 1, 2026.

These two ETFs will track the VettaFi US Large-Cap 500 Bitcoin DRIP Index and related innovation indices, with an initial allocation of 95% U.S. large-cap stocks overlaid with 5% Bitcoin. During quarterly rebalancing, if the Bitcoin allocation exceeds 5%, it will be adjusted to 4.5%, with the maximum Bitcoin exposure not exceeding 20%. The Bitcoin exposure will be achieved through tools such as spot Bitcoin ETPs, futures, and options.