PANews reported on February 25 that, according to GlobeNewswire, cryptocurrency ETP issuer 21Shares AG announced the launch of the 21shares Strategy Yield ETP (ticker symbol: STRC NA) on the Euronext Amsterdam exchange, with trading scheduled to begin on February 26.

This product is 21Shares' first equity-linked ETP, with its underlying asset being Series A perpetual preferred stock (STRC) issued by Strategy Inc. STRC aims to provide investors with high-yield cash flow through floating dividends, and this preferred stock has a superior capital structure compared to common stock. The product is designed to trade at a price close to its $100 par value, leveraging Strategy's Bitcoin reserve policy to provide investors with a structured investment tool that combines features of traditional finance and digital assets.