21Shares Launches STRC ETN on LSE With 11.50% Yield

TLDR

• 21Shares launches STRC ETN on LSE with 11.50% monthly yield access for UK users

• STRC ETN gives UK markets direct access to Strategy’s bitcoin-linked income play

  

• 21Shares expands UK ETN lineup with Strategy-backed STRC yield product on LSE

• Strategy’s bitcoin reserves support 21Shares STRC ETN listing in London market

• STRC ETN adds equity-linked yield exposure to 21Shares’ growing UK product range

21Shares listed its STRC ETN on the London Stock Exchange (LSE) on May 6, 2026. The launch gives UK access to Strategy Inc.’s perpetual preferred equity through an exchange-traded note. The product also expands 21Shares’ UK range beyond direct crypto token exposure.

STRC ETN Brings Strategy Yield Access to London

The STRC ETN trades under ticker STRC and carries a 0.00% fee. It lists in GBP, with ISIN CH1528107811, and 21Shares AG acts as issuer. Besides, the product follows a recent listing on Euronext Amsterdam.

The note provides exposure to Stretch, a perpetual preferred security issued by Strategy Inc. Strategy remains a software company with a bitcoin-focused reserve policy. Therefore, the product links income access with Strategy’s broader bitcoin-backed capital structure.

The underlying Stretch security pays variable monthly distributions. Strategy has structured it to trade close to its $100 par value. Moreover, its distribution rate receives monthly reviews to support price stability.

Strategy’s Bitcoin Reserves Support Product Background

Strategy held 815,061 bitcoins by the end of April 2026. That amount represented 3.88% of Bitcoin’s total possible supply. Hence, the STRC ETN connects to one of the largest corporate bitcoin reserve strategies.

Strategy maintains bitcoin and USD reserves to support its capital model. The company says distribution coverage exceeds 50 years under its reserve structure. Additionally, the current yield stands at 11.50%, paid monthly in cash.

The STRC ETN gives market users access through standard brokerage accounts. It removes the need for direct bitcoin custody or onchain wallet handling. However, the product still carries exposure linked to Strategy’s bitcoin-centered financial model.

21Shares Strengthens UK Crypto ETN Position

21Shares said the STRC ETN marks a major step for its UK business. The firm already leads the UK crypto ETN market by trading share. As of April 30, it held 42% of £7.3 million daily LSE crypto ETN volumes.

The launch follows wider product growth across Europe. In January, 21Shares introduced Solana staking and bitcoin-gold products on European exchanges.The STRC ETN adds an equity-linked income product to that lineup.

UK access to crypto ETNs expanded after regulatory changes in October 2025. Those changes reopened retail access through brokerage accounts and tax wrappers. Consequently, the STRC ETN arrives as demand grows for regulated exchange-traded crypto products.

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