21Shares Pioneers New On-Ramp for Institutions with First dYdX Staking ETP

21Shares is once again pushing the boundaries of crypto finance by launching the first ETP that will provide staking rewards for the dYdX token.

This innovative product not only offers institutional exposure to a top-tier decentralized exchange but also plans to automatically compound staking yields back into the fund, enhancing returns for investors.

The dYdX ETP is physically backed and supported by the protocol’s own decentralized treasury management.

By wrapping dYdX’s native yields into a regulated wrapper, 21Shares is creating a powerful new model for how traditional finance can interact with and benefit from the DeFi economy, signaling a new phase of adoption.