21Shares Launches dYdX ETP for Institutional Access into Crypto Derivatives

Swiss firm 21Shares has launched its first fund linked to dYdX, a decentralized exchange (DEX) specializing in perpetual futures. This launch marks a significant step forward in bringing crypto derivatives to institutional investors. The dYdX Treasury subDAO supports the physically backed product through a decentralized finance (DeFi) treasury manager, kpk. 21Shares has positioned dYdX within a regulated exchange-traded product (ETP), offering institutions a secure and accessible entry point into this growing market.