Swiss asset manager 21Shares has launched a new exchange-traded product, or ETP, tied to dYdX’s native token, DYDX. The firms said this will extend regulated access to one of the largest decentralized derivatives protocols. The product, backed by DYDX tokens held with custodians, began trading this week with support from the dYdX Treasury subDAO, through its operator kpk, according to a press release shared with Decrypt. Crypto ETPs let investors buy and sell exposure to digital assets on stock exchanges ...