European Investors Now Get Regulated Access to dYdX via 21Shares ETP

21Shares AG has expanded its range of digital asset ETPs by launching a new exchange-traded product (ETP) linked to the dYdX token on Euronext exchanges. The ETP, listed under the ticker DYDX.EUR and with an ISIN of CH0593724978, offers investors direct exposure to the dYdX token, a key asset in the decentralized finance (DeFi) ecosystem. The product is structured as a physically backed ETP and is available for trading in euros, providing European investors with a regulated avenue to access the token.

The dYdX token is native to the dYdX protocol, a decentralized exchange (DEX) operating on the Ethereum and Layer 2 blockchain networks. The token plays a role in governance and staking functions within the platform. The new ETP aims to track the price of the dYdX token on a one-to-one basis, with the underlying asset held in custody by a licensed digital asset custodian. The ETP is available on Euronext’s markets in Paris, Amsterdam, and Milan, providing investors with access across different European jurisdictions.

21Shares, which already offers a broad range of crypto ETPs across Europe, continues to expand its product suite in response to growing demand for regulated exposure to digital assets. The launch of the dYdX ETP follows the company’s recent additions of ETPs linked to Solana (SOL), Polygon (MATIC), and other DeFi-related tokens. By introducing the dYdX ETP, 21Shares is responding to investor interest in tokens that underpin innovative decentralized financial infrastructure.

The product is available with a total expense ratio (TER) of 0.89%, which covers custody, administration, and tracking fees. Investors are reminded that the ETP is subject to market risks associated with the price volatility of the dYdX token, as well as regulatory and liquidity risks inherent to crypto-asset markets. The ETP is intended for sophisticated and institutional investors who understand the risks involved in investing in digital assets.

This launch reflects a broader trend of financial institutions and asset managers developing structured products to bridge the gap between traditional markets and the fast-evolving digital asset space. The ETP offers a transparent and regulated vehicle for investors seeking exposure to dYdX without the need to directly handle or store the underlying token.