Brazil's largest bitcoin treasury firm, DIGY11, plans to launch an exchange-traded fund (ETF) with a 95% allocation to Strategy's STRC, according to reporting from CoinDesk.
The ETF aims for annual distributions that match Brazil's interbank rate plus 3-5 percentage points, net of costs. However, investors' actual returns are not guaranteed.
This development is part of the broader landscape of investment products related to bitcoin and other cryptocurrencies. DIGY11 is a key player in this space in Brazil.