Brazilian Bitcoin Treasury Company OranjeBTC to Launch Bitcoin Ecosystem Preferred Stock ETF, Expected to List in September

BlockBeats News, August 13: Brazilian Bitcoin treasury company OranjeBTC (B3: OBTC3) has announced the launch of the Digital Yield ETF (DIGY11). This ETF is jointly developed by OranjeBTC, 3R Investimentos, and MarketVector and is expected to be listed on the Brazilian stock exchange B3 in early September. DIGY11 will initially invest in preferred stocks issued by Strategy through STRC and preferred stocks issued by Strive through SATA. It will distribute returns to investors monthly in Brazilian reais, while also offering daily liquidity and exchange rate hedging. Under current market conditions, DIGY11 is expected to provide an annualized distribution yield equivalent to CDI plus approximately 3% to 5%. However, this estimate does not account for fluctuations in the fund's share price and does not constitute a guarantee of returns. The ETF does not directly invest in Bitcoin but provides Brazilian investors with a localized channel to access U.S. dollar-denominated returns and exposure to Bitcoin ecosystem assets by holding preferred stocks related to the Bitcoin treasury company. [Original Link]