OranjeBTC launches world's first Bitcoin-backed digital credit ETF on Brazil's B3 exchange

Brazil just became home to what might be the most creative Bitcoin investment vehicle on any major stock exchange. OranjeBTC, the Bitcoin treasury company trading as OBTC3, has launched the Digital Yield ETF under the ticker DIGY11 on B3, Brazil's primary securities exchange. It's the first ETF of its kind anywhere: a fund that delivers income to investors by holding preferred equity in US companies sitting on enormous Bitcoin reserves.

The fund doesn't actually hold any Bitcoin. Instead, it routes investor capital into preferred shares of companies like Strategy (STRC) and Strive (SATA), both of which have adopted the now-familiar corporate Bitcoin treasury playbook. STRC alone reportedly accounts for approximately 95% of the fund's initial holdings.

The target annual return sits between CDI + 3% and CDI + 5%, not including any capital gains. With Brazil's CDI benchmark rate currently hovering around 14.15%, that translates to a gross yield in the neighborhood of 17% to 19% per year. Distributions flow monthly in Brazilian reais.

Management fees run at 0.90%, with total estimated costs landing around 1.30%.

OranjeBTC didn't launch this solo. The ETF was built in partnership with MarketVector, the index arm of the VanEck group, which provides the underlying benchmark. Asset manager 3R Investimentos handles the fund operations. Banco Daycoval and Itaú BBA, two of Brazil's established financial institutions, round out the partnership roster.