Franklin Templeton files Nasdaq-listed ETFs that reinvest dividends into Bitcoin

Franklin Templeton has filed for two Nasdaq-listed ETFs that start with 95% stock exposure and 5% Bitcoin allocation. Each fund automatically reinvests dividends into Bitcoin at market open on the day following the ex-date, creating a regular source of BTC demand. The larger fund charges 0.09% annual fee. Every quarter, Bitcoin exposure above 5% is trimmed back to 4.5%, and if it exceeds 20% it is reset within two business days.