21Shares, a leading investment company in the field of crypto assets, has officially introduced a new exchange-traded product — 21Shares dYdX ETP (ticker: DYDX), which is now available on the European exchanges Euronext Paris and Euronext Amsterdam. This move expands the company’s European lineup of cryptocurrency products.
This is reported by Business • Media
Details of the New ETP Launch by 21Shares
The new ETP is fully physically backed and tracks the price of the DYDX token — one of the leading decentralized exchange protocols that enable trading of perpetual futures contracts. This allows investors direct access to the decentralized derivatives market through French and Dutch services.
The launch of this ETP has increased the total number of cryptocurrency products offered by 21Shares in Europe to 48, with the company’s assets under management reaching $11 billion. According to the press release, dYdX remains one of the most successful platforms in the decentralized derivatives niche: in July 2025 alone, its trading volume reached $7.7 billion, with approximately 15,000 active traders weekly.
Significance of the Product for the Market and Institutional Investors
“Thanks to the advantages of being a pioneer, the dYdX platform has impressively achieved over $1.5 trillion in cumulative trading volume, accounting for over 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 the decentralized derivatives space,” said Mandy Chiu, Head of Financial Product Development at 21Shares.
Charles d’Ossy, CEO of dYdX Foundation, emphasized that the dYdX-based ETP opens new opportunities for institutional investors and allows for the effective utilization of the platform’s innovative technologies to develop the crypto derivatives market.
21Shares continues to actively expand its presence in both Europe and the United States. Notably, in May 2025, the company filed an application with the U.S. Securities and Exchange Commission to launch a spot SUI-ETF, becoming the second organization after Canary Capital to take such a step. In July 2025, 21Shares also registered an application to create a spot ONDO-ETF with flexible mechanisms for issuing and redeeming shares.