The ETN currently delivers an 11.50% annual yield paid monthly in cash with tax-deferred status, according to the announcement. The distribution rate undergoes monthly review to support price stability and includes a floor tied to short-term interest rates.
21Shares charges no management fee on the ETN, creating a fee-free structure for U.K. investors seeking exposure to Strategy's Bitcoin-backed securities.
“The listing of the 21shares Strategy Yield ETN on the London Stock Exchange is a definitive moment for the U.K. market,” said 21 Shares President Duncan Moir, in a statement. “We are introducing an easy-to-access investment product that combines high income potential with a familiar exchange traded structure. By bringing this strategy to the LSE, we are giving U.K. investors an innovative tool to generate income that simply was not accessible in an ETN wrapper before.”
While the firm originally used issuance of its common MSTR shares to fuel Bitcoin buys, the company has recently seen growing interest in its STRC shares, which have allowed Strategy to raise $5.58 billion so far in 2026 to purchase BTC. The 21Shares product allows U.K. traders to gain the same level of yield from the underlying Strategy preferred shares.
“STRC is an innovation in the capital markets that provides the upside of a Bitcoin-backed security, with the stability of a traditional credit product,” said Strategy President and CEO Phong Le, in a statement. “Through 21Shares’ exchange-traded product, we’re expanding access for U.K. investors to a new capital model—one that didn’t exist five years ago, and one we believe will help shape the next 50 [years].”
