Brazil’s bitcoin treasury company, OranjeBTC, is preparing to introduce a new exchange-traded fund designed to give local investors regulated access to income-generating preferred shares linked to bitcoin-holding firms. The product, known as the Digital Yield ETF or DIGY11, is expected to list on the country’s B3 stock exchange and begin trading in early September.
Unlike traditional cryptocurrency funds that hold bitcoin directly, DIGY11 will focus on preferred equity securities issued by U.S.-based companies with substantial bitcoin reserves on their balance sheets.
Initial allocations are reported to concentrate heavily on Strategy’s STRC preferred shares—around 95 percent of the portfolio according to multiple accounts—with the remaining portion directed toward Strive’s SATA.
These instruments currently deliver annual yields in the range of roughly 12.5 percent to 13.1 percent in US dollars, while the underlying bitcoin stays on the issuers’ balance sheets and is not pledged as collateral to preferred shareholders.
The fund aims to convert those dollar-denominated distributions into monthly payments in Brazilian reais.
OranjeBTC projects that, under present market conditions, annual distributions could approximate Brazil’s CDI interbank rate (recently cited near 14.15 percent) plus an additional 3 to 5 percentage points after costs.
Actual results are not guaranteed and will depend on preferred-share payouts, interest-rate differentials between Brazil and the United States, and other variables.
The estimate also excludes any fluctuations in the ETF’s own unit price.
To address currency risk, DIGY11 will employ monthly foreign-exchange forward contracts that are rolled over and rebalanced periodically.
The product will trade in local currency with daily liquidity.
Management will be handled by 3R Investimentos, with the benchmark index—the MarketVector Bitcoin Treasury Preferred Equity BRL Hedged Index—maintained by MarketVector (part of the VanEck group).
Banco Daycoval is set to serve in an administrative capacity.
OranjeBTC itself is involved as product originator and adviser; a management fee of approximately 0.90 percent is planned, contributing to total estimated costs near 1.30 percent.
Eligibility rules for future holdings are expected to require issuers to maintain at least 50 percent of assets in bitcoin and a minimum of several thousand BTC, keeping the portfolio focused on dedicated bitcoin-treasury companies.
OranjeBTC, which itself holds roughly 3,950 BTC valued at about $250 million, positions the ETF as a complement rather than a substitute for direct bitcoin exposure.
Company executives have described it as a way to package global digital-credit innovations into a simple, locally accessible vehicle that eliminates the need for overseas brokerage accounts, individual foreign-exchange transactions, or manual portfolio construction.
The announcement was made during Blockchain Rio 2026.
Strategy’s Michael Saylor has publicly welcomed the expansion of such instruments into Latin American markets through regulated local channels.
Brazil already hosts a sizable ecosystem of listed crypto products, and DIGY11 seeks to occupy a distinct niche by emphasizing recurring income backed by large bitcoin balance sheets rather than pure price exposure to the asset.
Trading is anticipated to start in early September, though a precise debut date has not been finalized.
Initial unit pricing has been discussed in the region of R$50 in some local coverage. As with any investment, prospective participants should review the full terms, risks, and costs before committing capital.
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