OranjeBTC to Launch Brazil’s Largest Bitcoin ETF with Major Allocation to STRC

OranjeBTC Announces DIGY11 ETF

Brazil’s largest bitcoin treasury firm, OranjeBTC, is poised to launch a new exchange-traded fund (ETF) called DIGY11. The fund will allocate an impressive 95% of its portfolio to preferred shares of Strategy’s STRC and the remaining 5% to Strive’s equivalent, SATA. This initiative aims to provide Brazilian investors with monthly returns indexed to the country’s financial benchmarks.

Targeted Annual Distributions

The DIGY11 ETF plans to match annual distributions with Brazil’s interbank deposit rate, known as the CDI, which currently stands at 14.15%, plus an additional 3–5 percentage points. It is crucial to note that actual investor returns are not guaranteed. According to Sam Callahan, OranjeBTC’s Director of Strategy and Research, these returns will reflect preferred-share distributions minus the fund’s estimated total costs of 1.30%.

Fund Management and Strategy

The ETF will be managed by 3R Investimentos, with MarketVector maintaining the benchmark index. OranjeBTC, which holds a substantial 3,950 BTC valued at approximately $250 million, intends to hedge the DIGY11 fund’s dollar exposure using one-month foreign-exchange forwards, adjusted monthly and rebalanced quarterly.

Upcoming Launch on B3

OranjeBTC expects to list DIGY11 on Brazil’s B3 exchange within the first half of September 2025. As of now, a specific launch date has yet to be confirmed. The anticipated ETF will trade in Brazilian reals and is expected to attract attention from both institutional and individual investors seeking exposure to cryptocurrency while benefiting from traditional financial structures.

Market Context

Brazil has already established a growing market for listed crypto products, with crypto-focused funds registering 13.7 billion reais (about $2.6 billion) in assets as of April 2025. Amid this landscape, OranjeBTC’s upcoming ETF could set a new standard for innovation in the local cryptocurrency investment space.