Strategy yield wrapper lands in Europe as 21Shares lists STRC ETP

Strategy yield wrapper lands in Europe as 21Shares lists STRC ETP

21Shares debuts the Strategy Yield ETP on Euronext Amsterdam on Thursday, giving Europe regulated access to Strategy’s preferred stock, which is heavily backed by Bitcoin.

Crypto exchange-traded product (ETP) provider 21Shares has launched an investment product giving European investors access to a preferred stock issued by Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin.

The asset manager will list its 21Shares Strategy Yield ETP under the ticker “STRC NA” on Euronext Amsterdam on Thursday, the company said Wednesday.

The ETP is available to institutional and retail investors, offering a dividend backed by Strategy’s Bitcoin (BTC) treasury, which currently holds 717,722 BTC, valued at around $47 billion. With dividends set at a variable 11.25% annualized rate, the ETP represents one of the earliest structured, BTC-backed corporate securities available to European investors.

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