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21Shares Launches Strategy Yield ETN on LSE With 11.50% Annual Yield
21Shares launched the Strategy Yield ETN on the London Stock Exchange with an 11.50% annual yield paid monthly in cash. The product gives U.K. investors exchange-traded access to Strategy’s STRC preferred shares, which are backed by the company’s Bitcoin holdings. Strategy holds 818,334 BTC valued at nearly $67 billion. 21Shares said the ETN carries no management fee.