According to CoinMeta, as reported by BitcoinForCorps, Brazil's B3 is about to launch its first ETF that primarily consists of preferred stocks issued by the company, named digy11. This ETF will initially hold $STRC and $SATA and is expected to start trading in early September, offering monthly distributions denominated in Brazilian reais, foreign exchange hedging, and daily liquidity. Under current market conditions, the fund's annual distribution is expected to be equivalent to the Brazilian CDI interest rate plus 3% to 5%. This ETF was jointly developed by 3R Investimentos and MarketVector.