Franklin Templeton files two Bitcoin DRIP ETFs that reinvest equity dividends into BTC

Franklin Templeton filed a June 18 Form N-1A amendment for the Franklin US Equity Bitcoin DRIP Index ETF and Franklin US Innovation Bitcoin DRIP Index ETF, with effectiveness proposed 75 days after filing, around Sept. 1. The funds track VettaFi indexes that start at 95% equities / 5% Bitcoin, then reinvest regular and special equity dividends into Bitcoin after each ex-date; BTC exposure is cut to 4.5% if it rises above 5% at quarterly rebalances and hard-capped at 20%. The Bitcoin sleeve can come through Bitcoin ETPs, options, futures, depositary receipts, or a Cayman subsidiary, so this is an equity ETF with a BTC dividend overlay rather than another plain spot Bitcoin fund.

TLDR by @Benthic

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