Key Highlights
21Shares debuts STRC exchange-traded note on London Stock Exchange offering 11.50% monthly distributions
UK investors receive direct pathway to Strategy Inc.’s bitcoin-backed preferred equity instrument
New STRC ETN broadens 21Shares’ London product portfolio with yield-generating offering
Strategy’s substantial bitcoin holdings underpin the newly listed STRC ETN instrument
Income-focused product enhances 21Shares’ expanding suite of UK crypto investment vehicles
On May 6, 2026, 21Shares brought its STRC exchange-traded note to the London Stock Exchange. This new offering provides United Kingdom investors with streamlined access to Strategy Inc.’s perpetual preferred shares via a regulated trading vehicle. The introduction marks another milestone in 21Shares’ mission to broaden its UK crypto-related investment options.
London Market Gains Strategy Yield Exposure Through STRC ETN
Trading under the STRC ticker, the exchange-traded note features a zero-percent management fee structure. Denominated in British pounds with ISIN identifier CH1528107811, the instrument has 21Shares AG serving as the issuing entity. The London debut follows a prior introduction on Euronext Amsterdam.
This ETN delivers exposure to Stretch, which represents perpetual preferred securities from Strategy Inc. Strategy operates as a software enterprise that has adopted a bitcoin-centric treasury approach. The structure creates a connection between income generation and Strategy’s bitcoin-based capital framework.
Stretch securities distribute variable monthly payments to holders. Strategy has designed the instrument to maintain trading prices near its $100 par benchmark. The distribution percentage undergoes monthly adjustments to help preserve price equilibrium.
Substantial Bitcoin Holdings Underpin Product Structure
As of April 2026’s conclusion, Strategy maintained ownership of 815,061 bitcoins. This position accounted for 3.88% of Bitcoin’s maximum potential circulation. The STRC ETN therefore ties into one of the corporate world’s most significant bitcoin treasury strategies.
Strategy combines bitcoin reserves with US dollar holdings to buttress its capital approach. According to company statements, its reserve composition provides distribution sustainability extending beyond five decades. The present yield calculation sits at 11.50%, delivered monthly as cash payments.
The STRC ETN enables investors to gain exposure through conventional trading platforms. This structure eliminates requirements for direct cryptocurrency custody or blockchain wallet management. Nevertheless, the instrument maintains linkage to Strategy’s bitcoin-focused financial architecture.
21Shares Reinforces UK Crypto ETN Market Leadership
21Shares characterized the STRC ETN introduction as a significant advancement for its United Kingdom operations. The company already commands the leading position in UK crypto ETN trading activity. Through April 30, it captured 42% of the £7.3 million average daily crypto ETN volume on the London Stock Exchange.
This launch continues broader product expansion throughout European markets. January saw 21Shares roll out Solana staking instruments and bitcoin-gold combination products across European trading venues. The STRC ETN incorporates an equity-connected income component into this growing collection.
United Kingdom investors gained enhanced crypto ETN availability following regulatory modifications in October 2025. These adjustments restored retail investor participation through standard brokerage channels and tax-advantaged account structures. The STRC ETN therefore enters a market experiencing rising appetite for regulated exchange-traded cryptocurrency investment vehicles.
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