Bitcoin-Linked ETP Debuts in Europe… Dividends If Strategy Shares Climb?

▲ Bitcoin (BTC), ETP/ChatGPT-generated image

A new exchange-traded product seeking stable dividend income based on Strategy (MSTR)’s massive Bitcoin holdings has entered European markets, drawing attention as a new bridge between traditional finance and the digital asset ecosystem.

According to crypto-focused media outlet Cointelegraph on February 25 (local time), 21Shares, a global issuer of crypto exchange-traded products (ETPs), has launched the 21Shares Strategy Yield ETP (STRC), linked to Strategy’s preferred shares, for European investors. The product is set to be listed on Euronext Amsterdam on the 26th under the ticker STRC NA and is designed to pursue both capital appreciation tied to the share performance of Strategy— the world’s largest corporate holder of Bitcoin (BTC)—and regular income generation.

The STRC ETP provides exposure to Strategy’s floating-rate perpetual preferred shares, known as Stretch preferred shares. Investors can conveniently gain exposure to Strategy’s asset growth potential through a standard brokerage account without the need to directly purchase individual stocks. Notably, the product is structured to offer an annual floating dividend yield of 11.25%, backed by Strategy’s financial structure, which includes holdings of 717,722 BTC valued at approximately $47 billion.

21Shares defines this launch as its first equity-linked ETP, accelerating its expansion beyond digital assets into traditional financial products. President Duncan Moir emphasized, “STRC combines high yield potential with a familiar exchange-traded structure, providing both institutional and retail investors with an efficient portfolio enhancement tool.” He added, “Since our founding, we have focused on delivering transparent access to digital assets, and with this product, we are extending our expertise into equity investments linked to the Bitcoin ecosystem.”

Within the digital asset industry, the Strategy Yield ETP is expected to set a new standard for Bitcoin-based income products within Europe’s regulated financial environment. As Strategy effectively functions as a de facto Bitcoin exchange-traded fund, the ability to secure not only capital gains from share price appreciation but also consistent cash flow is viewed as a key attraction for investors. Currently, 21Shares operates 60 ETPs across 13 exchanges worldwide, managing approximately $5.3 billion in assets, positioning it as a global leader in the space.

This launch is expected to further blur the boundaries between digital assets and traditional finance. 21Shares has recently accelerated its global expansion, including listing a spot SUI ETF on Nasdaq in the United States. As Strategy’s aggressive Bitcoin acquisition strategy becomes integrated with regulated financial products in Europe, institutional capital inflows into the digital asset ecosystem are anticipated to accelerate further.

Disclaimer: This article is for investment reference only and the publisher is not responsible for any investment losses resulting from its use. The information provided should be interpreted for informational purposes only.