21Shares has expanded its presence in the European cryptocurrency market by launching a new exchange-traded product based on dYdX, which is now available for trading on the Euronext Paris and Euronext Amsterdam platforms.
This is reported by Finway
New ETP Provides Access to Decentralized Derivatives
The innovative 21Shares dYdX ETP (ticker: DYDX) is a physically-backed instrument that fully tracks the value of the DYDX token. This allows investors to engage with one of the leading decentralized exchange protocols that facilitate trading in perpetual futures.
The launch of the new ETP has increased the number of European cryptocurrency products offered by 21Shares to 48, with the total assets under management now reaching $11 billion.
Development of the Derivatives Market and Institutional Opportunities
dYdX remains a leader in the decentralized derivatives space. In July, the platform recorded $7.7 billion in trading volume, attracting around 15,000 active traders weekly.
“Thanks to the advantages of being a pioneer, the dYdX platform has impressively achieved over $1.5 trillion in cumulative trading volume, accounting for more than 20% of the $7.2 trillion in decentralized perpetual contracts. The 21Shares dYdX ETP is a natural addition to our European lineup, providing investors access to one of the most innovative and dynamic projects in decentralized derivatives,” said Mandy Chiu, Head of Financial Product Development at 21Shares.
Charles d’Ossi, CEO of the dYdX Foundation, also emphasized that the introduction of the dYdX-based ETP opens new opportunities for institutional investors, allowing them to leverage cutting-edge technology and shape the future of the crypto derivatives market.
It is worth noting that 21Shares continues to actively expand its product lineup in Europe and the U.S. In May 2025, the company filed an application with the U.S. Securities and Exchange Commission to launch a spot SUI-ETF, and in July, it registered an application for the creation of a spot ONDO-ETF, which includes both natural and cash mechanisms for the issuance and redemption of shares.