21Shares Expands Investment Options with New Strategy Yield ETP

Swiss asset management firm 21Shares has launched its latest exchange-traded product (ETP), the Strategy Yield ETP (STRC NA), in Europe. The new product enables European investors to invest in Michael Saylor's Strategy preferred stock, providing a dividend yield based on the company's Bitcoin treasury.

The STRC NA ETP will be listed on the Euronext Amsterdam exchange and is open to both retail and institutional investors. The product offers a variable rate of 11.25% annually, tied to Strategy's $47 billion Bitcoin holding.

21Shares has stated that this new product makes it easier for European investors to access Strategy's preferred stock without having to acquire the shares directly. This is a significant move by the company, which has traditionally focused on crypto-only ETPs.