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21Shares to Launch dYdX ETP on Euronext Paris and Amsterdam Exchanges

21Shares to Launch dYdX ETP on Euronext Paris and Amsterdam Exchanges

21Shares unveils a new ETP tracking the DYDX token, offering institutional access to decentralized finance and derivatives, amid the growing convergence of TradFi and on-chain finance.

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Fact Check
The statement is strongly confirmed by all provided sources. Evidence includes a press release from GlobeNewswire, a post from the official dYdX Foundation X account, and articles from Cointelegraph and Bankless Times, all explicitly stating that the 21Shares dYdX ETP is launching on Euronext Paris and Euronext Amsterdam.
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Summary

21Shares has introduced a new physically-backed ETP tracking the dYdX token, offering institutional investors exposure to the decentralized derivatives market. The product, supported by the dYdX Treasury subDAO, aligns with the growing integration of DeFi into traditional financial structures. The launch coincides with dYdX’s plans to expand into real-world assets and other new verticals, including Telegram trading and spot trading for Solana.

Terms & Concepts
  • dYdX ETP: An exchange-traded product designed to track the performance of the dYdX cryptocurrency, offering exposure to its price movement without direct ownership.
  • Decentralized derivatives: Financial derivatives that are traded on decentralized platforms, allowing participants to trade without relying on centralized exchanges.