The ETN return strategy gives UK investors exposure to Bitcoin Giant’s STRC shares

Crypto Asset Manager 21 Stocks Launched ETN Return Strategy (STRC) on the London Stock Exchange on Wednesday, marking its first UK product to offer exposure to strategyBitcoin-backed preferred stocks.

STRC provides exchange-traded access to Stretch, a Series A perpetual preferred stock with a variable price issued by the highest Bitcoin Treasury Strategy Inc. Preferred stocks provide investors with exposure to returns backed by the software company’s massive Bitcoin holdings.

According to the announcement, the ETN currently offers an annual yield of 11.50% paid monthly in cash with tax-deferred status. The distribution rate is subject to monthly review to support price stability and includes a floor linked to short-term interest rates.

21Shares does not charge any management fees on the ETN, creating a fee-free structure for UK investors seeking exposure to Strategy’s bitcoin-backed securities.

“The listing of the 21shares Strategy Yield ETN on the London Stock Exchange is a defining moment for the UK market,” Duncan Muir, president of 21shares, said in a statement. “We offer an accessible investment product that combines high income potential with a familiar exchange trading structure. By bringing this strategy to the London Stock Exchange, we are giving UK investors an innovative tool to generate income that was simply not accessible in an ETN wrapper before.”

Strategy, a Tysons, Va.-based business intelligence software company turned Bitcoin aggregator, has emerged as the leader in business intelligence software. The largest corporate BTC holder in the world. The company currently holds 818,334 BTC worth approximately $67 billion.

While the company originally used its MSTR common stock issuance to support Bitcoin purchases, the company has recently seen increased interest in its STRC stock, allowing Strategy to raise $5.58 billion so far in 2026 to purchase BTC. The 21Shares product allows UK traders to get the same level of return from preferred stocks as the basic strategy.

“STRC is a capital markets innovation that provides the upside of a bitcoin-backed security, with the stability of a traditional credit product,” Fong Lee, chief strategy and CEO, said in a statement. “With the 21Shares exchange-traded product, we are expanding UK investors’ access to a new capital model – one that did not exist five years ago, and one that we believe will help shape the next 50 (years).”

The strategy was revealed on Tuesday $14.5 billion losses in the first quarter As the value of its Bitcoin holdings declined, exceeding a loss of $14.4 billion in the fourth quarter of 2025. However, the company continues to accumulate Bitcoin and has seen its stock price rise in recent weeks as Bitcoin itself has rebounded.

MSTR recently traded at $183.45 per Yahoo FinanceAn increase of approximately 44% over the past month. Bitcoin itself has risen nearly 18% in the past month to a recent price of $81,750, after falling to nearly $60,000 earlier this year. Bitcoin is still about 35% below its high above $126,000 set last October.