Zurich-based 21Shares AG, an issuer of cryptocurrency exchange-traded products (ETPs), has launched a strategy yield ETP (Ticker: STRC) on Euronext Amsterdam.
The fund is the firm’s first ETP providing exposure to an equity-related instrument. By offering exchange-traded access to a preferred security issued by Strategy Inc., a US-based software company and a corporate holder of bitcoin, 21shares is expanding beyond direct token exposure.
The fund will offer investors yield-enhanced exposure linked to Strategy’s bitcoin-centric reserve policy.
The ETP aims to provide a high income stream, generated through variable distributions that have been paid consistently since issuance. Strategy has established a bitcoin and USD reserve with distribution coverage of 50+ years. The distribution rate is reviewed monthly and includes a floor linked to short-term interest rates, helping keep yield aligned with market conditions.
Duncan Moir, president at 21shares, said: “Since our inception, we have focused on providing straightforward access to digital assets. With this product, we are extending that expertise into equity-linked exposure tied to the bitcoin ecosystem.
“By combining high income potential with a familiar exchange traded structure, STRC offers both institutional and retail investors an efficient and accessible way to add yield to their portfolios.”
