Overview

• The product trades on Euronext Paris and Amsterdam under ticker DYDX and is 100% physically backed with tokens held by custodians.
• The launch is supported by the dYdX Treasury subDAO via operator kpk, with 21Shares overseeing product design, regulatory approvals, and listing.
• Flow Traders provides liquidity, with daily creations and redemptions intended to keep the ETP’s price aligned with net asset value.
• 21Shares says the addition brings its European lineup to 48 crypto ETPs and reports roughly $11 billion in assets under management.
• dYdX cites more than $1.4 trillion in cumulative volume across 230+ perpetual markets, recent activity of about 15,000 weekly traders and $7.7 billion July volume, and a roadmap featuring Telegram trading, Solana spot and real‑world‑asset perpetuals.