FalconX acquires world’s largest crypto ETP issuer 21Shares

Crypto prime broker FalconX has agreed to acquire 21Shares, the world’s largest issuer of crypto exchange-traded products (ETPs), in a move aimed at developing new regulated digital asset investment products for institutional and retail investors. FalconX CEO Raghu Yarlagadda highlighted the convergence between digital assets and traditional finance, noting 21Shares' innovative product platform. FalconX contributes its $2 trillion trading infrastructure and 2,000 institutional clients, while 21Shares brings expertise in ETP design and global distribution. The size of the deal was not disclosed. Following the acquisition, 21Shares will operate independently under FalconX, with its leadership remaining in place and no immediate changes planned for existing ETPs or ETFs. This marks FalconX's third major deal in 2025, following acquisitions of Arbelos Markets and a stake in Monarq.

(Source：Cointelegraph)