Franklin Templeton Proposes Stock ETFs Channeling Dividend Cash Flow Into Bitcoin

TL;DR Franklin Templeton filed for two ETFs that would invest in U.S. equities and use the dividends they generate to buy Bitcoin. The funds would target a 5% allocation to BTC, according to Nate Geraci, president of NovaDius Wealth Management. Neither product has a confirmed launch date yet. Franklin Templeton filed to register two new ETFs that would combine investments in U.S. equities with the accumulation of Bitcoin through dividends . The products would allow investors to gain exposure to BTC without selling their shares or making separate cryptocurrency purchases. The funds are named the Franklin US Equity Bitcoin DRIP Index ETF and the Franklin US Innovation Bitcoin DRIP Index ETF . Both appear in registration documents filed with Nasdaq under the Franklin Templeton ETF Trust.

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