OranjeBTC is preparing to launch the DIGY11 ETF on Brazil's B3 exchange in early September, offering Brazilian investors a real-denominated income product tied to preferred shares issued by U.S. Bitcoin treasury companies rather than direct Bitcoin exposure. The fund will track the MarketVector Bitcoin Treasury Preferred Equity BRL Hedged Index and initially hold Strategy's STRC and Strive's SATA, with STRC expected to carry the larger weight. Exame previously reported a 95% allocation to STRC and 5% to SATA, while OranjeBTC has confirmed only that STRC will represent the bigger share of the portfolio. DIGY11 is designed to make monthly distributions in Brazilian reais, hedge U.S. dollar exposure and give local investors access to the securities without buying them abroad. OranjeBTC estimates annual distributions at roughly CDI plus 3 to 5 percentage points under current market conditions, excluding changes in the ETF's market price and without guaranteeing returns. The product will be managed by 3R Investimentos, with MarketVector maintaining the benchmark and Banco Daycoval serving as fiduciary administrator. The fund is being marketed as an income-oriented alternative to a spot Bitcoin ETF, but it carries market, credit and liquidity risk and is not covered by Brazil's FGC deposit-guarantee scheme. STRC details have diverged across materials, with OranjeBTC citing an 11.50% annual rate while earlier Strategy disclosures showed 12% for August, and the timing of its shift to semi-monthly dividends is also described inconsistently. Strategy Executive Chairman Michael Saylor and Strive CEO Matt Cole have publicly backed the launch, though both represent issuers whose securities DIGY11 is set to hold.