21Shares, a prominent issuer of crypto exchange-traded products based in Switzerland, has introduced the first fund associated with dYdX, a decentralized exchange focused on perpetual futures. The launch signifies an important step towards DeFi adoption, providing institutions with an on-ramp to dYdX through a regulated exchange-traded product. With over $1.4 trillion in trading volume, dYdX offers extensive perpetual markets supported by its Treasury subDAO. Following the launch, staking options for DYDX tokens will be made available, with features including auto-compounding rewards. The product is set to debut on Euronext Paris and Amsterdam under the ticker DYDX. This introduction coincides with a broader trend among exchanges, both traditional and centralized, expanding crypto derivatives offerings. Recent industry moves include Kraken's launch of a derivatives arm and Cboe’s upcoming Bitcoin and Ether “continuous futures,” emphasizing growing institutional interest in regulated crypto derivatives.

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