21Shares has introduced a new exchange-traded product (ETP) linked to the dYdX native token, providing regulated access to a major decentralized derivatives protocol. This product is part of 21Shares' DeFi offerings, which include previously launched ETPs for Aave and Uniswap, making 21Shares the largest crypto ETP issuer in Europe with 48 products. The dYdX ETP enhances institutional-grade access to one of the pioneering decentralized exchanges for perpetual futures contracts. Mandy Chiu, Head of Financial Product Development at 21Shares, indicated that the dYdX's unique focus on decentralized derivatives trading is crucial as this market evolves. The ETP is intended to remove the barriers that have previously limited institutional participation in decentralized finance, providing a transparent and efficient way for investors to engage with these assets. Liquidity and pricing efficiency will be supported by market makers ensuring that the ETP aligns with its net asset value through daily creations and redemptions.

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