Brazil’s OranjeBTC to Launch New ETF Focused on Strategy’s STRC Preferred Shares

Brazil’s largest Bitcoin treasury company, OranjeBTC, is preparing to launch a new monthly income exchange-traded fund that will initially allocate 95 percent of its portfolio to Strategy’s STRC preferred shares, with the remaining 5 percent going to Strive’s SATA.

How the DIGY11 ETF Will Work

The fund, named DIGY11, is set to trade on Brazil’s B3 exchange in Brazilian reais and will distribute income monthly. STRC and SATA both offer recurring US dollar payouts, with current yields of 12.5 percent and 13.1 percent respectively. Importantly, the underlying companies’ Bitcoin holdings remain on their balance sheets and are not pledged to preferred shareholders.

Expected Returns Tied to Brazil’s Interest Rate

OranjeBTC, which holds 3,950 BTC worth around 250 million dollars, expects annual distributions to roughly match Brazil’s benchmark interbank rate of 14.15 percent, plus an additional 3 to 5 percentage points, after accounting for a 1.30 percent total fund cost. However, company officials noted this projection excludes share price changes and does not guarantee actual returns.

Currency Hedging and Fund Management

To manage currency risk, OranjeBTC plans to use monthly foreign-exchange forwards, rebalanced quarterly. The fund will charge a 0.90 percent management fee, with 3R Investimentos handling portfolio management and MarketVector maintaining the benchmark index.

Similar Products Remain Niche Globally

Comparable offerings elsewhere have seen limited traction. A European-listed ETP holding only STRC manages just 17.6 million dollars, while in the US, exposure mostly exists within broader preferred-stock funds like VanEck’s PFXF, which holds a small percentage in Strategy related securities.