The new ETF will track the MarketVector Bitcoin Treasury Preferred Equity BRL Hedged Index, prioritizing assets with strong liquidity and distribution histories. Initial reports suggest a portfolio heavily weighted toward Strategy’s STRC shares, potentially accounting for 95% of the fund, with the remainder allocated to Strive’s SATA securities. While Strategy’s STRC currently offers an annualized dividend rate of 12%, Strive’s SATA provides a 13% rate, though both are subject to monthly adjustments and market volatility.
In section Cryptocurrency
OranjeBTC Readies DIGY11 Fund for Brazilian Exchange Debut
Brazilian treasury firm OranjeBTC is preparing to launch the Digital Yield ETF, or DIGY11, on the B3 stock exchange this September. Instead of tracking Bitcoin directly, the fund will focus on preferred shares from U.S.-based companies that hold significant Bitcoin reserves, aiming to provide local investors with monthly income.
OranjeBTC projects annual distributions equivalent to the CDI interest rate plus a premium of 3% to 5%. The fund, managed by 3R Investimentos with Banco Daycoval serving as fiduciary administrator, will implement a currency hedge to mitigate exposure to U.S. dollar fluctuations. Investors will face a 0.90% management fee, with total costs estimated at 1.30%. While the ETF is designed to offer daily liquidity and regular payouts, the company emphasizes that these returns are not guaranteed and depend heavily on the underlying performance of the chosen preferred shares.
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