Swiss-based 21Shares AG, a leading provider of cryptocurrency exchange-traded products (ETPs), has launched the 21Shares Strategy Yield ETP on Euronext Amsterdam. Announced on February 25, 2026, and set to begin trading today, February 26, 2026. this marks the firm's first equity-linked ETP, bridging traditional finance with bitcoin-backed innovation.
The ETP provides European investors with regulated, exchange-traded access to Stretch (STRC), issued by Strategy Inc.—the world's largest corporate bitcoin holder. Strategy maintains a massive treasury exceeding 717,000 bitcoin (roughly 3.4% of total supply), valued at approximately $49 billion
This preferred security offers a high-yield income stream, currently at an annualized 11.25% (as of February 26, 2026), paid monthly in cash and tax-deferred. The variable rate includes a floor tied to short-term interest rates, with monthly reviews to align with market conditions. Designed for price stability, it aims to trade near its $100 par value.
By packaging this instrument into an ETP, 21Shares eliminates the operational complexities of trading individual preferred shares directly. Investors can gain exposure through familiar brokerage accounts, benefiting from the product's 0.00% fee structure. The offering expands 21Shares' portfolio beyond pure crypto assets, delivering yield-enhanced access to Strategy's bitcoin-centric balance sheet.
Duncan Moir, President of 21Shares, emphasized the product's role in innovation: “The 21Shares Strategy Yield ETP reflects our commitment to lead... By combining high income potential with a familiar exchange-traded structure, STRC offers both institutional and retail investors an efficient way to add yield to their portfolios.”
Phong Le, President and CEO of Strategy, highlighted its significance: “STRC is an innovation... providing the upside of a bitcoin-backed security with the stability of a traditional credit product... Through 21Shares’ exchange-traded product, we’re expanding access for European investors to a new capital model.”
This launch underscores growing convergence between Bitcoin and traditional finance, offering European investors a regulated avenue to bitcoin-linked yields without direct Bitcoin custody challenges.