Brazilian Investors Get Local Access to US Bitcoin Treasury Strategy

OranjeBTC, Brazil's largest Bitcoin treasury firm, is launching an innovative new ETF called DIGY11. The fund will put 95% of its portfolio into Strategy's STRC preferred shares and trade on the B3 exchange in early September. This unique approach allows Brazilian investors to access U.S. Bitcoin treasury strategy income products denominated in Brazilian reais.

The key feature of DIGY11 is its allocation to STRC, which has surpassed $10 billion in notional value with an average daily trading volume of around $160 million over the past 30 days. Strategy founder Michael Saylor welcomed this move, stating that 'Digital Credit is a new asset class' and seeing it reach Latin American investors through a local regulated product represents the type of expansion STRC was designed to support.

OranjeBTC estimates annual distributions could equal Brazil's CDI rate plus roughly 3% to 5%, after fund costs and subject to market conditions. The ETF will track the MarketVector Bitcoin Treasury Preferred Equity BRL Hedged Index, which considers factors such as liquidity, Bitcoin holdings, corporate reserves, leverage, and past distribution history.