Franklin Templeton Files ETF That Reinvests Stock Dividends Into Bitcoin

The Franklin US Equity Bitcoin DRIP Index ETF will combine large-cap U.S. equities with a systematic bitcoin allocation. The fund tracks the VettaFi US Large-Cap 500 Bitcoin DRIP Index that starts with a 95% allocation to U.S. stocks and a 5% allocation to bitcoin, then automatically reinvests stock dividends into bitcoin over time. Bitcoin exposure is capped at 20% and typically reset to 4.5%–5% during rebalances. The fund may gain bitcoin exposure through spot bitcoin ETPs, futures, options, and a Cayman subsidiary, creating a hybrid equity-and-digital-asset strategy within an index-based framework.