Brazil’s OranjeBTC Prepares Monthly Income ETF Built on STRC and SATA

TL;DR

• OranjeBTC plans DIGY11 with 95% in Strategy’s STRC and 5% in Strive’s SATA, targeting monthly income for Brazilian investors.
• The ETF aims to distribute Brazil’s 14.15% CDI rate plus roughly 3 to 5 percentage points annually, net of costs, without guaranteeing returns.
• DIGY11 will hedge dollar exposure with monthly FX forwards, charge a 0.90% management fee and is expected to begin trading on B3 in early September if plans hold.

Brazil’s OranjeBTC is preparing DIGY11, a monthly-income ETF that would initially allocate 95% of its portfolio to Strategy’s STRC preferred shares and the remaining 5% to Strive’s SATA. The planned fund would trade on Brazil’s B3 exchange in reais and distribute income every month. The striking setup is that a bitcoin treasury company is packaging preferred-stock yield rather than direct bitcoin exposure. STRC and SATA currently yield 12.5% and 13.1%, while the bitcoin held by their issuers stays on company balance sheets and is not pledged to preferred shareholders, for Brazilian income-focused market participants.

… Continue reading the full article at the original source below.