21Shares Expands European Offerings with New dYdX ETP

According to PANews, 21Shares AG, a prominent issuer of cryptocurrency exchange-traded products (ETPs), has announced the launch of the 21Shares dYdX ETP on the Euronext Paris and Euronext Amsterdam exchanges. The new product, identified by the ticker DYDX, carries a fee rate of 2.5%. This addition brings the total number of cryptocurrency ETPs offered by 21Shares in Europe to 48. The 21Shares dYdX ETP is fully backed by physical assets and is designed to track the performance of the dYdX token.