Brazil’s New Bitcoin ETF Bet Puts 95% Into Strategy’s STRC

Brazil’s largest Bitcoin treasury firm is taking a new route to bring Bitcoin related income to local investors. OranjeBTC is preparing the DIGY11 ETF, which plans to put 95% of its portfolio into Strategy’s STRC preferred shares. 

Meanwhile this will turn a U.S. Bitcoin treasury strategy into a Brazilian real denominated income product.

DIGY11 Plans 95% STRC Allocation

OranjeBTC announced DIGY11 as a new ETF focused on preferred shares issued by companies in the Bitcoin ecosystem. The fund is expected to launch on the B3 exchange in early September and will be managed by 3R Investimentos.

The key part of the plan is its portfolio. About 95% of the initial allocation will go into Strategy’s STRC, while the remaining portion will mainly target Strive’s SATA.

Unlike a traditional Bitcoin ETF, DIGY11 will not buy Bitcoin directly. Instead, it will invest in preferred shares designed to provide recurring income while gaining exposure to companies with large Bitcoin holdings.

The ETF will trade in Brazilian reais, offer daily liquidity and include currency hedging to reduce the impact of movements between the U.S. dollar and Brazilian real.

Guilherme Gomes, founder and CEO of OranjeBTC said that,