The Franklin US Equity Bitcoin DRIP Index ETF is a proposed passively managed fund from Franklin Templeton that would track the VettaFi US Large-Cap 500 Bitcoin DRIP Index. The structure pairs a large-cap US equity portfolio with a bitcoin allocation funded entirely by dividends. At index inception the split was 95% equities and 5% bitcoin, and every regular and special dividend paid by a constituent stock is reinvested into bitcoin at the market open on the day after the ex-dividend date. The fund would hold at least 80% of net assets in index components and corresponding bitcoin-related investments. It would not hold bitcoin directly, gaining exposure instead through bitcoin ETPs, including products sponsored by affiliates of the investment manager, plus futures, options and bitcoin-backed depositary receipts, some of it held through a wholly owned Cayman Islands subsidiary capped at 25% of total assets.