Franklin Templeton has unveiled plans for new ETFs that will convert corporate dividends into bitcoin. This is a preview for June 19, 2026. If you haven’t signed up yet, this is an excerpt from Decryptnews’ newsletter ‘Daybook.’ In recent years, financial experts have advised investors to consider allocating 1%-5% of their portfolios to bitcoin. Now, Franklin Templeton, which manages substantial assets for its clients, is aiming to launch two innovative investment vehicles that facilitate this approach. The primary feature of these proposed exchange-traded funds is that they will utilize corporate dividends to gain bitcoin exposure, thus establishing a consistent, indirect demand for the leading cryptocurrency. On Thursday, the company submitted a filing with the Securities and Exchange Commission, registering the Franklin US Equity Bitcoin DRIP Index ETF and the Franklin US Innovation Bitcoin DRIP Index ETF. Both ETFs are intended to maintain a 95% allocation in U.S. equities and 5% in bitcoin, holding large-cap U.S. stocks. The first ETF provides broad market exposure, while the second is tailored towards growth and innovative firms. Any dividends accrued will be reinvested into bitcoin ETFs, futures, or other financial instruments. This structure effectively establishes an automatic, low-maintenance 5% bitcoin inflow, entirely financed by equity dividends. If approved, the ETFs could commence trading as soon as September. Although regulatory approval is not assured, the filing indicates an increasing comfort among institutions in combining traditional equities with cryptocurrency within regulated frameworks. These filings come on the heels of BlackRock’s recent launch of an Income ETF, which enables institutions to capitalize on the volatility of cryptocurrency. The 11 spot bitcoin ETFs available in the U.S. have attracted over $53 billion in investor capital since their launch in 2024, according to data from SoSoValue. Collectively, these developments suggest a sustained institutional interest in bitcoin, despite the ongoing bear market. The price of BTC reached a high of $126,000 in October last year, but was recently trading below $62,500. In the last 24 hours, the price has fallen by more than 2%. ‘The bulls still have some hope, as a formal break of the trend would require the price to settle below previous lows near $61.5K. Even in this scenario, the price decline could stall in the $59–60K range, which represents this year’s most critical support level,’ stated Alex Kuptsikevich, chief market analyst at FxPPro in an email. A market holiday in the U.S. on Friday for Juneteenth may result in reduced liquidity and erratic price movements. Stay vigilant! What’s trending — U.S.-Iran discussions postponed as Vance cancels trip and Israel escalates strikes in southern Lebanon (NBC): The talks between the U.S. and Iran were delayed on Friday, as Vice President JD Vance canceled his scheduled trip to Switzerland, and renewed hostilities between Israel and Hezbollah raised uncertainties regarding the agreement to conclude the war. — Andy Burnham’s election victory sets the stage for an attempt to oust U.K. PM Starmer (Reuters): Burnham, the Greater Manchester mayor known as the ‘King of the North,’ secured a special election win in Makerfield in northwest England, garnering 54.8% of the vote and defeating the candidate from Nigel Farage’s populist Reform UK party, who received 34.5%. — Digital credit market faces significant selloff as Strive CEO attributes it to leverage liquidations (Decryptnews): Matt Cole indicated that the downturn was a ‘leverage liquidation event’ triggered by margin calls and forced selling, rather than a decline in the credit quality of issuers. — Google is leveraging Nvidia’s strategy to establish a competing AI chip business (WSJ): Google is making a bold move to capture a larger share of the 21st century’s most crucial market: AI-powered chips. The company’s financial resources and years of technical advancements place it in an optimal position for success. Today’s signal The chart illustrates XRP’s daily price fluctuations in candlestick format. The token has broken out of what appears to be an inverted flag pattern, indicating a bearish trend. In simpler terms, a counter-trend consolidation has concluded in favor of the primary bearish trend. Further losses may ensue. — 1 — 2 — 3 — 4 — 5 — 6 — 7 — 8 — 9 — 10 In May, overall exchange volumes decreased by 3.45% to $4.41T; the lowest level since September 2024. RWA perpetual futures volumes increased by 10.4% against this trend, reaching a new all-time high. In May, overall exchange volumes decreased by 3.45% to $4.41T; the lowest level since September 2024. RWA perpetual futures volumes increased by 10.4% against this trend, reaching a new all-time high. Why it matters: In May, overall exchange volumes decreased by 3.45% to $4.41T; the lowest level since September 2024. RWA perpetual futures volumes increased by 10.4% against this trend, reaching a new all-time high.
Franklin Templeton Introduces New ETFs to Convert Dividends into Bitcoin: Crypto Daily
Published on: