Brazil’s largest bitcoin treasury firm unveils DIGY11 ETF targeting CDI plus 3-5 percentage points in annual distributions.
Brazil’s OranjeBTC will introduce the DIGY11 ETF, allocating 95% of its portfolio to Strategy’s STRC preferred shares and 5% to Strive’s SATA. The fund aims to deliver annual distributions matching Brazil’s CDI interbank rate plus 3–5 percentage points, net of costs, though returns are not guaranteed.
The ETF will hedge dollar exposure via monthly FX forwards and charge a 0.90% management fee. Trading is expected to begin in early September on Brazil’s B3 exchange. STRC and SATA currently yield 12.5% and 13.1%, respectively, with bitcoin remaining on their balance sheets.
OranjeBTC holds 3,950 BTC, valued at $250 million, and projects total costs of 1.30%. Distributions depend on preferred-share yields and Brazil-U.S. interest rate differentials.