Brazil's biggest bitcoin treasury group, OranjeBTC, is getting ready to bring a new income-focused product to the local exchange: a Brazil bitcoin ETF designed to pay investors monthly distributions while keeping the underlying bitcoin exposure at the corporate level. The planned vehicle, called the Digital Yield ETF (ticker: DIGY11), is expected to list on Brazil's B3 and trade in reais, targeting investors who want cashflow characteristics rather than pure spot price performance.
At launch, DIGY11 would be built around a heavy preferred-stock sleeve. OranjeBTC says the portfolio is intended to allocate 95% to Strategy's preferred equity STRC, with the remaining 5% directed to Strive's similar instrument, SATA. This intended STRC Strategy ETF allocation is central to the product's pitch: both STRC and SATA are structured to pay recurring U.S. dollar distributions, while the issuers' bitcoin stays on their balance sheets and is not pledged to preferred shareholders. Current yields were cited around 12.5% for STRC and 13.1% for SATA. More details about the structure have circulated alongside coverage of the Brazil crypto treasury firm ETF plan and its reliance on STRC-linked income.
The fund's distribution ambition is framed in Brazilian terms. OranjeBTC expects annual distributions roughly equivalent to the CDI (Brazil's widely used "risk-free" interbank benchmark) currently around 14.15%, plus an additional 3-5 percentage points, net of costs. The cost estimate referenced totals about 1.30%, including a 0.90% management fee; OranjeBTC would also receive an undisclosed portion via a consulting agreement. Importantly, the company emphasizes that these figures are projections: they depend on the preferred-share payouts and the interest-rate spread between Brazil and the U.S., and they do not guarantee what investors will actually receive once price movements are included.
To manage currency mismatch, OranjeBTC plans to hedge the ETF's dollar exposure using one-month FX forwards that are rolled monthly and rebalanced quarterly. Portfolio management would be handled by 3R Investimentos, while MarketVector would be responsible for maintaining the benchmark index. OranjeBTC itself holds about 3,950 BTC (around $250 million), underscoring why the market is treating DIGY11 ETF Brazil as a notable step from a firm already operating a sizeable balance-sheet bitcoin strategy.
Internationally, similar structures exist but remain niche outside the U.S. The 21Shares Strategy Yield ETP listed in Europe, for example, has been relatively small (about $17.6 million) and holds STRC while reinvesting distributions instead of paying them out. In the U.S., exposure often appears inside diversified preferred-stock funds; VanEck's PFXF, with roughly $2.44 billion in assets, holds about $251 million across four Strategy preferred securities-around 10% of its portfolio.
Brazil is also not starting from zero when it comes to exchange-listed crypto exposure. The country already has an established ecosystem of crypto funds and ETFs: in April 2025, these products collectively held about 13.7 billion reais ($2.6 billion) across approximately 576,000 investors. Against that backdrop, OranjeBTC's approach looks like an attempt to blend Brazil's strong local ETF culture with U.S.-dollar income instruments tied to bitcoin-heavy corporate issuers-an angle that can be easier to position to yield-seeking allocators than a simple "number-go-up" thesis.
OranjeBTC expects DIGY11 to begin trading in early September, though a firm listing date has not been finalized. If it reaches the market as described, it could become a reference point for how yield products are packaged for Brazilian investors without directly holding spot BTC inside the ETF wrapper.
From a practical standpoint, anyone looking to buy bitcoin ETF Brazil products will need to distinguish between spot-like exposure and cashflow-driven exposure. DIGY11 is positioned closer to an income strategy whose results hinge on preferred dividend policies, hedging execution, and cross-border rate differentials-not solely on bitcoin's market price. That nuance matters, because a monthly-payout narrative can attract conservative portfolios, but it can also create expectations that don't match the underlying risk profile.
Another angle to watch is how regulators and the market treat "bitcoin-adjacent" income as the product scales. If demand grows, copycat structures could emerge using other corporate or structured instruments, potentially deepening the local menu beyond traditional crypto baskets. At the same time, concentration risk is hard to ignore: a 95% tilt means DIGY11's near-term behavior will likely be dominated by STRC mechanics and market perception of Strategy's balance sheet.
Finally, this launch may test whether Brazil can become a larger hub for innovative crypto-linked listed products, not just spot or index tracking vehicles. The strongest appeal of a Brazil bitcoin ETF like DIGY11 is that it tries to translate global crypto finance into something local investors already understand-CDI-relative return targets, hedged FX exposure, and monthly income-while still keeping a clear, if indirect, link to the bitcoin treasury trade described in the DIGY11 ETF Brazil reporting.