Managed by 3R Investimentos, following a reference index provided by MarketVector and being administered by Banco Daycoval, the ETF will feature exchange rate protection and is expected to debut on Brazil’s B3 in September, and will not invest in $BTC directly.
Yields are expected to reach the average interbank deposit rate plus up to 5% per year, targeting monthly distributions.
“We developed DIGY11 based on the revolution that Strategy and Strive are promoting in the US capital markets. These are instruments that combine recurring income with high asset protection, backed by some of the largest Bitcoin balance sheets in the world.” Guilherme Gomes, founder and CEO of OranjeBTC, declared.
He explained that the company’s goal was to transform this innovation so that local Brazilian investors could access these opportunities on regulated channels. He also stressed that the instrument was supported in the balance sheets of the companies involved.
“For every dollar of annual distribution, there is relevant equity coverage in Bitcoin and cash. It is a differentiated structure, which combines recurring income with global, liquid and scarce assets,” he highlighted.
Strategy’s Executive Chairman, Michael Saylor, celebrated the expansion of the so-called Digital Credit asset class. “Seeing it reach Latin American investors through a local, regulated vehicle is exactly the kind of expansion STRC was created to enable,” he concluded.
