Institutional investors will now have access to on-chain derivatives through the release of a new Exchange Traded Product (ETP) by 21Shares, titled DYDX.
In a significant move for the crypto derivatives market, 21Shares, a Swiss-based institution with a history of regulatory compliance and expertise in product design and onboarding institutions, has launched the first exchange-traded product (ETP) tracking DYDX, the native token that runs the dYdX Chain.
The DYDX ETP, trading on Euronext Paris and Amsterdam, is similar to the infrastructure of conventional ETFs, allowing large capital allocators to justify crypto derivatives in their portfolios. This ETP makes DYDX as accessible as any listed asset, simplifying exposure to one of the most dynamic and revenue-generating protocols in DeFi, according to Marcelo Ruiz de Olano, CEO of kpk, the institution that developed the first exchange-traded product for the token DYDX.
The DYDX ETP is a physically supported product that is expected to follow the performance of DYDX in the market. It is backed by the dYdX Treasury subDAO and has been made in partnership with kpk. This ETP offers secure and compliant exposure to one of the earliest decentralized protocols to offer perpetual futures.
DYDX, one of the most influential derivatives in the world with a fast-expanding user base across continents, is planning several exciting developments. The platform is set to launch real-world asset perpetuals, including indexes, equities, and pre-IPO assets. dYdX is also planning to introduce the first exchange for the Solana market in DeFi.
Moreover, dYdX is planning to widen deposit possibilities to include USDT, Solana, and fiat on-ramps. The platform is also set to launch Telegram Trading in September 2025 and is offering stake-for-fee discounts to long-term DYDX holders.
The DYDX ETP eliminates the necessity for self-custody and direct smart contract interaction, operating in line with the standards applied by conventional financial institutions. This ETP provides regulated, exchange-listed exposure to DYDX, making it an attractive option for institutional investors.
With collaborations with leading participants of the DeFi ecosystem and a robust roadmap for future developments, the DYDX ETP is set to play a significant role in bringing decentralized finance to regulated European exchanges.
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