OranjeBTC Targets Brazil's B3 With Strategy-Backed DIGY11 ETF

OranjeBTC Announces DIGY11 Launch in Brazilian Stock Markets

OranjeBTC, one of the largest bitcoin treasury companies in Brazil, has announced a move to open local markets to bitcoin digital credit options.

During Blockchain Rio, the company unveiled DIGY11, an exchange-traded fund (ETF) that will offer exposure to shares issued by Strategy (through STRC) and Strive (through SATA), and would distribute the income received by the management of these assets each month in Brazilian currency.

For future additions, issuers must hold at least 50% of their total assets in bitcoin and hold a minimum of 4,000 $BTC, limiting the fund to bitcoin-focused stocks.

Managed by 3R Investimentos, following a reference index provided by MarketVector and being administered by Banco Daycoval, the ETF will feature exchange rate protection and is expected to debut on Brazil’s B3 in September, and will not invest in $BTC directly.

Yields are expected to reach the average interbank deposit rate plus up to 5% per year, targeting monthly distributions.

“We developed DIGY11 based on the revolution that Strategy and Strive are promoting in the US capital markets. These are instruments that combine recurring income with high asset protection, backed by some of the largest Bitcoin balance sheets in the world.” Guilherme Gomes, founder and CEO of OranjeBTC, declared.