21Shares Lists Strategy Yield ETN on LSE Offering 11.50% Annual Yield Paid Monthly

The zero-fee note opens brokerage access to cash monthly yield from Strategy’s bitcoin-backed preferred shares under the FCA’s high-risk classification.

Overview

21Shares launched the STRC exchange-traded note on the London Stock Exchange on Wednesday, giving UK investors a new way to tap Strategy Inc.’s preferred shares.
The note tracks Stretch, a variable-rate perpetual preferred stock that targets a $100 par price and resets its distribution each month with a floor tied to short-term interest rates.
STRC trades in pounds under ticker STRC with ISIN CH1528107811, charges a 0.00% fee, and can be bought in standard brokerage accounts without handling crypto wallets.
The underlying issuer, Strategy Inc., reported holding 815,061 bitcoins at the end of April, about 3.88% of total supply, which anchors the income-focused structure.
UK rules label crypto ETNs as Restricted Mass Market Investments with no FSCS or FOS cover, and the launch follows 2025 changes that reopened retail access as 21Shares leads LSE crypto ETN volumes with a 42% share.