OranjeBTC plans ETF with 95% Strategy STRC allocation
Brazilian Bitcoin treasury company OranjeBTC plans to list a new income focused ETF on B3 in early September, giving local investors exposure to preferred shares issued by U.S. Bitcoin treasury companies Strategy and Strive. SummaryOranjeBTC plans DIGY11 for B3, initially holding Strategy‘s STRC and Strive’s SATA preferred share securities.The fund targets monthly real-denominated distributions and expects listing in early September, subject to launch.OranjeBTC estimates distributions at CDI plus three to five points annually, but returns remain unguaranteed.Strategy‘s STRC currently pays a 12% annualized dividend rate, while Strive’s SATA pays 13% annually.DIGY11 will hedge dollar exposure, charge 0.90% management fees, and trade with daily liquidity locally. The Digital Yield ETF, or DIGY11, will make monthly distributions in Brazilian reais and hedge its U.S. dollar exposure, according to the companys release. The initial portfolio is expected to be heavily concentrated in Strategy‘s STRC preferred stock. Exame reported that STRC will represent 95% of the portfolio, leaving the remaining allocation for Strive’s SATA. OranjeBTCs broader public announcement confirms both securities and says STRC will have the largest weight, although it does not publish the exact 95% figure. You might also like: Bhutan taps 3iQ to manage part of Bitcoin treasury OranjeBTC DIGY11 targets monthly income rather than Bitcoin exposure DIGY11