Key Highlights
- 21Shares launched the STRC ETN on the London Stock Exchange, giving investors Bitcoin exposure plus monthly income.
- The product is linked to “Stretch,” a Strategy Inc. asset backed by large Bitcoin reserves, about 815,061 BTC in holding.
- 21Shares already holds about 42% of the UK crypto ETN market.
21Shares, an asset management firm, today announced the launch of its new product, the 21Shares Strategy Yield ETN (ticker: STRC), on the London Stock Exchange.
According to the official release, this exchange-traded note (ETN) is built to give investors a way to gain exposure to Bitcoin while also earning income. It works like a normal stock that people can buy and sell through their regular brokerage accounts, without needing to hold Bitcoin directly.
How the product works
The ETN is listed in British pounds (GBP) and carries a 0.00% fee, meaning investors are not charged a management cost for holding it. The firm explained that this fund is different because it does not just follow the price of Bitcoin.
Instead, it is linked to a financial asset called “Stretch,” which is issued by Strategy Inc. This asset is connected to Strategy’s approach of holding large amounts of Bitcoin as part of its reserves.
The idea is to use this Bitcoin-backed system to support regular payments to investors. Because of this setup, the ETN gives what can be called “yield-enhanced exposure.” In simple terms, investors are not only hoping that the Bitcoin price goes up, but they are also earning money along the way.
Monthly income with adjustable rates
The income from this product is paid monthly and can change over time. These payments have been made consistently since the product started. The rate is reviewed every month and includes a minimum level linked to short-term interest rates, helping it stay in line with the market. In addition, the structure is also designed to keep the price close to its base value of 100 US dollars.
Strategy is the largest Bitcoin holding firm in the world. As of the end of April 2026, Strategy Inc. holds 815,061 Bitcoins, representing about 3.88% of the total Bitcoin supply.
Expanding presence in the UK
21Shares noted that the ETN was first listed on Euronext Amsterdam before coming to the UK market. With this launch, 21Shares is growing its presence in the UK. The company already controls about 42% of the crypto ETN market on the London Stock Exchange, based on daily trading volume of £7.3 million as of late April 2026.
The company said the new listing expands its offerings in the region by introducing a product focused on income rather than only price movement.
According to Duncan Moir, President of 21Shares, the launch brings a new type of investment option to the UK. “We are introducing an easy to access investment product that combines high income potential with a familiar exchange traded structure,” he said.
He also added that the product is built to help investors in the U.K generate steady income on their investment.
Also Read: Bitcoin’s $81K Breakout: Why the Vanishing Tail-Risk Premium Feels Different in 2026
