21Shares listed the Strategy-linked STRC ETN on the London Stock Exchange, providing a local trading channel for the first time.

CoinFeed reported on May 6th that, according to The Block, 21Shares has listed the Strategy Yield ETN (ticker symbol STRC) on the London Stock Exchange, providing UK investors with their first access to Strategy Inc.'s Bitcoin-backed perpetual preferred stock, "Stretch," through a local exchange. This ETN tracks Strategy Inc.'s Variable Rate Series A Perpetual Preferred Stock, currently offering an annualized yield of 11.50% and distributing cash monthly. 21Shares claims to have over 40% market share in the LSE's crypto ETN market, with an average daily turnover of approximately £7.3 million.