Per Woofun AI, Franklin Templeton has submitted an application to the Securities and Exchange Commission to launch two distinct exchange-traded funds that will automatically reinvest stock dividends into Bitcoin. The proposed vehicles, named the Franklin US Equity Bitcoin DRIP Index ETF and the Franklin US Innovation Bitcoin DRIP Index ETF, are scheduled to become effective no later than September 1, 2026.

These funds will track the VettaFi US Large-Cap 500 Bitcoin DRIP Index and related innovation indices, maintaining an initial allocation of 95% in large-cap U.S. stocks and 5% in Bitcoin. During quarterly rebalancing, if the Bitcoin proportion exceeds 5%, it will be adjusted to 4.5%, with a hard cap of 20%. Exposure to Bitcoin will be achieved through spot Bitcoin ETPs, futures, options, and other instruments.