21Shares Launches New Bitcoin-Backed Investment Product

21Shares has expanded its range of crypto-focused investment products with the launch of the Strategy Yield ETP. The new product provides exposure to Michael Saylor's Strategy firm's Bitcoin-backed preferred shares, which are valued at approximately $47 billion.

The Strategy Yield ETP is listed on Euronext Amsterdam under the STRC NA symbol and will be available to both institutional and retail investors through standard brokerage accounts. This marks one of the first times that European investors have had access to a product of this type.