Franklin Templeton has filed with the SEC to launch the Franklin US Equity Bitcoin DRIP Index ETF and Franklin US Innovation Bitcoin DRIP Index ETF, extending its push into hybrid products that blend traditional equities with Bitcoin exposure. The proposed funds would track VettaFi indexes, begin with allocations of 95% U.S. large-cap equities and 5% Bitcoin, rebalance quarterly, trim Bitcoin holdings above 5% back to 4.5%, and cap Bitcoin exposure at 20% between rebalancing periods. The filing says the funds would gain Bitcoin exposure through spot Bitcoin ETPs, futures, options and in some cases a wholly-owned Cayman Islands subsidiary, while reinvesting stock dividend income into Bitcoin-linked instruments rather than distributing it in a conventional way. Franklin Advisory Services LLC is listed as investment manager and Franklin Templeton Institutional LLC as sub-adviser, with Dina Ting, Hailey Harris, Joe Diederich and Basit Amin named as portfolio managers. The prospectus does not disclose tickers, listing venues, fees or expense ratios, and says the securities cannot be sold until the registration statement becomes effective.