Is there a way to apply an Animation Preset - Text Effect onto a shape? I have a few bullet points as so:



I would like to apply an Animation Preset &gt; Text &gt; Blurs &gt; Bullet Train to it... But I want the effect to include the blue circle. I've tried applying directly, parenting, and pre-composing. None had the desired result. Is there a way to get the Text Effect onto the shape layer?
There sadly does not appear to be a direct way to do it, however you can approximate it by using a Directional Blur on your shape layer with a 90 degree orientation and then applying a fade in.  If you mess with the keyframes a bit, you should be able to get it to look like a constant animation.