OranjeBTC Brings Bitcoin-Backed Equity to Brazil @OranjeBTC will launch its DIGY11 on Brazil's B3 Stock Exchange, making it the first ETF in the Bitcoin ecosystem to list preferred shares on an international exchange. The ETF will offer direct investment in the "Digital Credit" securities of $STRC and $SATA, with monthly returns in Brazilian reais and currency hedging to reduce volatility in the BRL/USD pair. This ETF will track the MarketVector $BTC Treasury Preferred Equity Index, generating annual returns of CDI + 3% to 5%. Currency hedging and daily liquidity will also be provided when the fund goes live in early September.

TODAY ON THE STARTING BLOCK: We've got @samcallah from @ORANJEBTC on the Hot Seat today to unpack their launch of DIGY11 - Brazil's first monthly income ETF focused on Bitcoin equity. Join us live on @TheBlockCo

If you need to pay for groceries in a week, you need stability. If you're sending money from the US to Latin America, you need it to land at the same price point. @GuiAmadoGomes of @OranjeBTC joined BitGo's High Roller Summit speaking on why stablecoins aren't a failure for Bitcoin. They're part of the evolution.