<p><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NjVjZDMtOTBiMC03ZWUwLWIxZTEtOTA4ODkzMmUwYzVm.jpg" alt="21Shares launches dYdX ETP as institutions circle crypto derivatives"></p><p>21Shares has launched the first fund tracking dYdX's native token, offering investors exposure to DeFi derivatives protocol.</p>