Franklin Templeton wants to build equity ETFs that automatically redirect stock dividends into Bitcoin exposure. The mechanism looks simple from a distance. Underneath it sits a carefully capped allocation, multiple possible exposure instruments, and a filing that is far from final.

Also today: an obsolete replace-by-fee signal becomes a Bitcoin wallet privacy problem; GoMining opens its mining-assisted payment infrastructure to developers; spot ETF outflows extend into a second day; Bitcoin treasury preferred shares suffer a violent discount; and Microsoft documents wallet-stealing malware spreading through USB drives.

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