Franklin Templeton files ETFs that reinvest stock dividends into Bitcoin
Franklin proposes dividend funded Bitcoin ETFs, Bitcoin trades flat near $63K and STRC and SATA bounce from steep intraday losses.
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Crypto products are getting more creative while the leverage behind them gets tested.
Franklin Templeton wants stock dividends to automatically buy Bitcoin as traditional finance builds deeper connections with digital assets.
Meanwhile, the sharp drop in STRC and SATA exposed the risks of leveraged digital credit while Kalshi begins laying the groundwork for a future public listing.
Franklin Templeton wants your stock dividends to buy Bitcoin automatically
Two new ETF filings would cap Bitcoin exposure at 20% of fund assets.
The funds start at 95% US equities and 5% Bitcoin-linked investments.
As dividends roll in, they get reinvested into BTC instead of more stocks.
Quarterly rebalancing keeps Bitcoin allocation near 5%, preventing runaway exposure.
If approved, these are the first ETFs that treat Bitcoin as a dividend reinvestment vehicle.
Markets
ETF outflows hit $104M as crypto drifts on a quiet holiday
Bitcoin and Ethereum ETFs posted combined net outflows of $104M on Thursday.
BlackRock's IBIT and ETHA led the withdrawals across both asset classes.
With US stock markets closed for Juneteenth, crypto traded mostly flat into Friday.
BTC hovered near $63K, ETH sat below $1,700, and SOL dipped toward $69.
Strive CEO says credit quality is fine after STRC and SATA plunge
Strive's preferred stock SATA tumbled from its $100 par value on Thursday.
Strategy's STRC hit an intraday low of $83, rattling digital credit holders.
Both recovered quickly, but the episode exposed how fragile leveraged crypto-linked instruments can be.
Kalshi holds early IPO talks as prediction market revenue explodes
The prediction market platform is in informal conversations with investment banks about going public.
Kalshi's annualized revenue has tripled, reaching roughly $2B on surging trading volume.
A successful IPO would mark a major legitimacy milestone for crypto-native consumer platforms.
On Our Radar
The credit evolution: Crypto OTC desks are becoming shadow banks for digital assets.*
Bitcoin's new checkout: GoMining launches a payment network for actual transactions.
The cash crackdown: EU will cap cash payments at €10,000 starting 2027 to fight money laundering.
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