21Shares introduces the 21Shares DYDX ETP, catering to institutional investors seeking exposure to DYDX, the native token of dYdX Chain. With $1.4 trillion settled on dYdX, it bridges traditional and decentralized finance, offering access to 230+ perpetual markets globally.

21Shares spearheaded the product design, regulatory approvals, and exchange listing for the DYDX ETP, ensuring seamless integration into institutional trading environments. This aligns with growing institutional adoption of U.S. spot bitcoin ETFs, like Grayscale Bitcoin ETF (GBTC), emphasizing compliance, security, and operational reliability for professional investors.

Mandy Chiu, Head of Financial Product Development at 21Shares, highlights the significance of the 21Shares DYDX ETP, providing institutional-grade access to perpetual futures contracts on dYdX. Marcelo Ruiz de Olano, CEO of kpk, emphasizes the ETP’s role in simplifying access to dYdX, enhancing market reach and liquidity for institutional investors.

Charles d’Haussy, CEO of the dYdX Foundation, underscores the transformative potential of the dYdX ETP for institutions looking to leverage DYDX’s technology in the $28 trillion crypto derivatives market. The launch of the 21Shares DYDX ETP is timely, aligning with dYdX’s roadmap expansions into Telegram Trading, Spot Trading, Real-World Asset Perpetuals, Stake-for-Reduced-Fees, and Expanded Deposit Options.

Read more at Yahoo Finance: 21Shares Launches DYDX ETP, Unlocking Institutional Access to On-Chain Derivatives