21Shares launches Bitcoin-backed Strategy Yield ETP

According to Cointelegraph, cryptocurrency ETP provider 21Shares launched the Strategy Yield ETP (code: STRC NA) on Thursday at Euronext Amsterdam, providing European investors with a convenient channel to invest in preferred shares of Strategy, a company owned by Michael Saylor.

The product is backed by 717,000 bitcoins (worth approximately $4.7 billion) held by Strategy, offering an annual variable dividend yield of 11.25%.