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Franklin Templeton Files for Bitcoin DRIP ETFs
Franklin Templeton has filed for two ETFs, the Franklin US Equity Bitcoin DRIP Index ETF and the Franklin US Innovation Bitcoin DRIP Index ETF, which will invest in US equities and reinvest dividends into Bitcoin. The proposed ETFs aim to provide traditional investors with easier access to Bitcoin exposure through dividend reinvestment. Bitcoin's current price is experiencing weakness, with a decline of nearly 4% over the past week, while existing spot BTC ETFs faced significant outflows, totaling over $635 million.