Brazil's OranjeBTC to Launch ETF Backed by Strategy Preferred Shares

Key facts

• OranjeBTC is launching the DIGY11 ETF.
• OranjeBTC is described as Brazil's largest bitcoin treasury firm.
• The DIGY11 ETF will initially allocate 95% of its portfolio to Strategy's STRC preferred shares.
• The DIGY11 ETF will initially allocate 5% of its portfolio to Strive's SATA.
• The ETF aims for monthly distributions.
• Monthly distributions are targeted to be equivalent to Brazil's CDI rate plus 3-5 percentage points.

OranjeBTC, identified as Brazil's largest bitcoin treasury firm, is set to launch a new exchange-traded fund (ETF) named DIGY11. The DIGY11 ETF's initial investment strategy involves allocating 95% of its portfolio to preferred shares of Strategy, specifically STRC. The remaining 5% of the portfolio will be invested in SATA, a product from Strive. The objective for DIGY11 is to provide monthly distributions. These distributions are intended to be equivalent to Brazil's CDI rate, with an additional target of 3 to 5 percentage points above that benchmark.