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.