21Shares Brings Bitcoin-Backed Yield to European Investors with STRC ETP

21Shares is launching a new investment product on Euronext Amsterdam that offers European investors regulated access to Strategy's Variable Rate Series A Perpetual Preferred Stock. This stock, formally designated as STRC, has a variable annualized dividend rate of 11.25%, backed by Strategy's massive Bitcoin treasury, which currently holds approximately $47 billion worth of the cryptocurrency.

The product is linked to Strategy's preferred stock and will trade under the ticker 'STRC NA' on Euronext Amsterdam. It will be available to both institutional and retail investors through standard brokerage accounts without requiring them to purchase the underlying preferred shares directly.

Duncan Moir, president of 21Shares, said that this product is designed to give investors an efficient way to add yield exposure tied to the Bitcoin ecosystem, combining the income characteristics of the preferred stock with the accessibility and regulatory clarity of an exchange-traded structure.