Franklin Templeton Files to Launch Dividend Reinvestment Bitcoin ETF
On June 19, Franklin Templeton filed an application with the U.S. Securities and Exchange Commission (SEC) to launch two exchange-traded funds (ETFs) that will automatically reinvest stock dividends into Bitcoin.
Named the Franklin US Equity Bitcoin DRIP Index ETF and Franklin US Innovation Bitcoin DRIP Index ETF, the funds are expected to launch no earlier than September 1, 2026.
These ETFs will track the VettaFi US Large-Cap 500 Bitcoin DRIP Index and related innovation indices. Their initial asset mix consists of 95% U.S. large-cap stocks with a 5% Bitcoin overlay. During quarterly rebalancing, if Bitcoin allocation exceeds 5%, it will be adjusted to 4.5%. The maximum allowed Bitcoin exposure for the funds will not exceed 20%, and Bitcoin exposure will be accessed via instruments including spot Bitcoin ETPs, futures, and options.
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Arthur Hayes deposited a total of 6000 ETH to FalconX and Galaxy.
Per Onchain Lens monitoring, on June 19, Arthur Hayes, co-founder of BitMEX, transferred a total of 6000 ETH (valued at around $10.14 million) to FalconX and Galaxy Digital.
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US Stock Market Sees Record Weekly Inflows
June 19 — A Bank of America strategist said U.S. stocks attracted record inflows last week, as investors poured into the technology sector. The team led by Michael Hartnett cited data from EPFR Global in a report, pointing out that during the week ending June 17, U.S. stock funds pulled in a record $119.2 billion. They noted that, on an annualized basis, U.S. stock funds are projected to take in a record $739 billion in 2026.
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Analysis: BTC Touches Key Support Level, Volatility Decreases but Defensive Positions Still Prevail
June 19 – Glassnode reports that Bitcoin (BTC) has pulled back to a key support zone after retesting its February low. Options market data shows that even as BTC’s price nears a critical level, implied volatility has dropped sharply from recent highs, with 1-week implied volatility slumping from roughly 60% to 35%. The broader volatility curve has trended lower in lockstep, signaling a notable cooling in the market’s pricing of future uncertainty. Meanwhile, the 25-delta skew has retreated from extreme levels hit during June’s sell-off, with demand for short-term downside protection softening somewhat and panic-driven hedging sentiment showing signs of weakening.
That said, structural defensive positions still dominate the market. Data indicates short-term options continue to lean toward downside protection: bearish options trading volume accounted for approximately 28% of activity over the past week, a figure significantly higher than the 24.1% long-position buy ratio. Additionally,
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The Modern Car Group plans to acquire SoftBank's remaining stake in Boston Dynamics for $325 million.
June 19 — South Korea’s Daily Economic News reported Friday that Hyundai Motor Group plans to acquire SoftBank Group’s remaining 9.65% stake in Boston Dynamics for $325 million, a deal that will turn the American robotics firm into its wholly owned subsidiary. Hyundai is scheduled to hold a board meeting on June 22 to greenlight the acquisition, according to unnamed industry sources cited in the report. SoftBank has notified Hyundai that it intends to exercise the put option agreed upon during an earlier stake sale for Boston Dynamics, to offload its remaining holding in the robotics company.
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