New Brazil ETF Puts 95% Into Strategy’s STRC

DIGY11 is designed to turn the income from those securities into monthly payments in Brazilian reais. Bitcoin sits behind the companies issuing them, but the ETF itself would be tied far more closely to Strategy’s preferred-stock market than to BTC’s day-to-day price.

Almost the Entire Fund Would Sit in STRC

According to details reported on August 13 by Coindesk, DIGY11 is already listed in Brazilian fund data as pre-operational and is expected to begin trading in early September. It would track the MarketVector Bitcoin Treasury Preferred Equity BRL H...