Brazilian investors are set to gain a new way to tap into Bitcoin treasury exposure without leaving the local market. OranjeBTC, the country’s largest Bitcoin treasury firm, is preparing to launch DIGY11, an ETF that will allocate 95% of its initial portfolio to Strategy’s STRC preferred shares. The fund is expected to debut on the B3 exchange in early September and will be managed by 3R Investimentos.
Unlike a conventional spot Bitcoin ETF, DIGY11 will not hold Bitcoin directly. Instead, it will invest in preferred shares issued by companies with substantial Bitcoin reserves, aiming to deliver recurring income while tracking the performance of those treasury strategies. The ETF will trade in Brazilian reais, offer daily liquidity, and include currency hedging to reduce the impact of U.S. dollar-to-real fluctuations.
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What DIGY11 Offers Brazilian Investors
The fund’s structure is designed around monthly distributions in Brazilian reais. Based on current market conditions, OranjeBTC estimates annual distributions could equal Brazil’s CDI rate plus roughly 3% to 5%, after fund costs and subject to market conditions.
Guilherme Gomes, founder and CEO of OranjeBTC, said the product was developed in response to the changes Strategy and Strive are driving in U.S. capital markets. “We developed DIGY11 based on the revolution that Strategy and Strive are promoting in the U.S. capital markets,” he said.
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The fund will track the MarketVector Bitcoin Treasury Preferred Equity BRL Hedged Index. Its selection rules consider factors such as liquidity, Bitcoin holdings, corporate reserves, utilize, and past distribution history.
For local investors, the appeal is simplicity. “Investors will not need to open an account abroad, carry out foreign exchange transactions, or individually select each asset,” said Guiga Ferreira, CFO of OranjeBTC.
Why STRC Commands a 95% Allocation
The heavy weighting toward Strategy’s STRC reflects the scale of that preferred share market. STRC has surpassed $10 billion in notional value, with average daily trading volume reaching around $160 million over the past 30 days.
Strategy founder Michael Saylor welcomed the Brazilian initiative, describing “Digital Credit” as a new asset class and noting that the ETF’s launch represents the kind of international expansion STRC was designed to support.
The remaining 5% of DIGY11’s portfolio will primarily target Strive’s SATA preferred shares. OranjeBTC estimates that Strategy and Strive together hold around $2.80 in cash and $28 in Bitcoin for every $1 distributed annually by the two companies.
Strive CEO Matt Cole said the launch signals that “Digital Credit is evolving” from a single-company concept into a broader asset class.
If DIGY11 launches as planned, Brazilian investors will gain a locally regulated product that combines U.S. preferred stock income, Bitcoin treasury exposure, and currency hedging in a single ETF traded in Brazilian reais. The listing date on the B3 exchange will be a key milestone to watch, as will the fund’s actual distribution yields in its first months of operation.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency and ETF investments are volatile and carry significant risk. Readers should conduct their own research before making any investment decisions.
Source: Coinpedia
