OranjeBTC Eyes Monthly Income ETF-But There’s a Catch
TLDR
- OranjeBTC plans to launch DIGY11 on Brazil’s B3 exchange, with monthly income distributions paid in reais.
- The ETF would allocate 95% to Strategy’s STRC preferred stock and 5% to Strive’s SATA preferred stock.
- DIGY11 targets returns above Brazil’s 14.15% CDI rate, supported by preferred-stock payouts and rate differences.
- The fund plans to hedge U.S. dollar exposure using monthly foreign-exchange forwards to reduce currency risk.
- OranjeBTC expects DIGY11 to begin trading in early September, though no final listing date has been announced.
OranjeBTC is preparing to launch a new exchange-traded fund in Brazil that will target monthly income from Bitcoin-linked preferred stocks. OranjeBTC expects the proposed Digital Yield ETF, or DIGY11, to trade on Brazil’s B3 exchange in reais and begin trading in early September. The product would give local investors access to preferred-stock income through a B3-traded fund without holding the securities directly.
OranjeBTC Builds DIGY11 Around Preferred Stocks
The fund plans to place 95% of its portfolio in Strategy’s STRC preferred stock. The remaining 5% would go into Strive’s SATA preferred stock, giving investors exposure to recurring U.S. dollar distributions.
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