Key facts
- OranjeBTC is launching the DIGY11 Digital Yield ETF, set to trade on Brazil's B3 exchange in early September.
- The ETF will initially invest 95% in Strategy's STRC preferred shares and 5% in Strive's SATA preferred shares.
- DIGY11 aims for monthly income distributions equivalent to Brazil's CDI rate plus 3-5 percentage points, net of costs.
- The fund will hedge dollar exposure using monthly FX forwards.
- The ETF tracks the MarketVector Bitcoin Treasury Preferred Equity BRL Hedged Index.
Brazil's largest bitcoin treasury firm, OranjeBTC, is launching the DIGY11 Digital Yield ETF, which will begin trading on the B3 stock exchange in early September. The ETF is designed to offer Brazilian investors access to preferred securities from Bitcoin treasury companies, denominated in Brazilian reais. Initially, the fund will allocate 95% of its portfolio to Strategy's STRC preferred shares and 5% to Strive's SATA preferred shares. OranjeBTC expects DIGY11 to provide monthly income distributions equivalent to Brazil's CDI benchmark rate plus an additional 3% to 5%, after accounting for an estimated total cost of 1.30% and a 0.90% management fee. The ETF will hedge its U.S. dollar exposure through monthly foreign-exchange forwards and tracks the MarketVector Bitcoin Treasury Preferred Equity BRL Hedged Index. This launch expands the range of crypto-linked investment products available in Brazil's regulated market.