TL;DR:
- The new product trades under the ticker STRC NA and offers monthly cash dividends.
- It is based on preferred shares of Strategy Inc., the largest corporate holder of Bitcoin.
- The ETP debuts with a 0.00% management fee, removing entry barriers for investors.
21Shares is making history in the European market with the launch of the 21Shares Strategy Yield ETP, identified by the ticker: STRC NA. This product, now available on Euronext Amsterdam, is the firm’s first linked to equity instruments, marking a significant strategic expansion.
Unlike traditional products, this ETP does not directly track the price of a token; instead, it tracks the “Stretch” preferred shares of Strategy Inc. Consequently, investors gain indirect exposure to Bitcoin through the company’s balance sheet.
This new financial vehicle is well-backed, as Strategy Inc. holds over 717,000 BTC. Furthermore, the product allows institutional investors to access this ecosystem through standard brokerage accounts, eliminating operational complexity.
A hybrid between fixed income and Bitcoin exposure
One of the most outstanding features of the 21Shares Strategy Yield ETP is its yield structure. The instrument offers an annualized variable dividend of approximately 11.25%, which is distributed monthly in cash to holders.
This yield is supported by Strategy’s Bitcoin-backed balance sheet, which establishes reserves to ensure the sustainability of payments. Moreover, as these are preferred shares, investors enjoy priority over common shareholders within the capital structure.
To top it off, the launch includes a 0.00% management fee. This aggressive pricing strategy seeks to capture investors hungry for profitability and growth, positioning the ETP as an innovative hybrid between fixed income and digital assets.
