The European market for listed products linked to digital assets reaches a new milestone. Swiss fund manager 21Shares has announced the listing on Euronext Amsterdam of its 21Shares Strategy Yield ETP (STRC NA), offering exposure to a preferred share issued by Strategy Inc, one of the largest institutional holders of Bitcoin.
With this launch, 21Shares extends its positioning beyond ETPs directly backed by cryptocurrencies, offering a structured solution combining yield, indirect exposure to Bitcoin and a European regulated framework.
Indirect exposure to Bitcoin via a yield rationale
STRC provides access to aVariable Rate Series A Perpetual Stretch Preferred Stock issued by Strategy.
This type of security is designed to offer :
- a regular income stream,
- priority in capital structure over common shares,
- potentially lower volatility than equities or cryptocurrencies (without eliminating risk).
Yields are in the region of 11.25% annualized, with distributions adjusted periodically according to market conditions.
The ambition: to create a bridge between the world of traditional credit and strategic exposure to a company whose reserve policy relies heavily on Bitcoin.
A strategic turning point for 21Shares
This launch marks an important milestone:
- First equity-linked ETP for the company, which has historically specialized in physical crypto ETPs.
- Simplified access via a listed format, without having to acquire the preferred share directly.
- A yield-oriented approach, meeting the demand for crypto exposure integrated into a cash-flow logic.
Founded in 2018, 21Shares has established itself as one of the world's leading crypto ETP issuers. STRC is part of a broader drive to expand the regulated offering around digital assets.
More than just a new product, STRC illustrates a structural evolution: the gradual integration of Bitcoin into traditional financial architectures, no longer just as a speculative asset, but as a strategic balance sheet component and potential vector of return.
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