Wall Street's appetite for crypto innovation just took a creative new turn. Franklin Templeton, the $1.78 trillion asset management giant, filed with the SEC on June 18 for two exchange-traded funds that would automatically channel corporate stock dividends into Bitcoin.
The funds borrow the 'DRIP' concept from traditional dividend reinvestment plans. At launch, each fund would allocate roughly 95% of assets to U.S. large-cap equities and 5% to Bitcoin exposure.
Franklin Templeton is positioning itself as one of the most active traditional asset managers in crypto. Read more on TekMag.
Originally published on TekMag
Top comments (0)