21Shares launches leveraged Dogecoin ETF as FalconX acquisition finalizes
21Shares launched a leveraged Dogecoin ETF concurrent with the finalization of its acquisition by FalconX.Summary
Crypto fund issuer 21Shares introduced a new, leveraged Dogecoin exchange-traded fund (ETF) on the same day its acquisition by FalconX was completed. FalconX CEO Raghu Yarlagadda stated that combining FalconX's institutional platform with 21Shares' ETP leadership will accelerate innovation and broaden digital asset access. The deal, announced last month, aims to expand FalconX's global presence across the U.S., Europe, and Asia-Pacific. The new DOGE-based ETF is designed to offer investors twice the daily performance of Dogecoin, before fees. Despite being owned and controlled by FalconX, 21Shares will continue to be independently managed by its CEO, Russell Barlow. At the end of September, 21Shares managed over $11 billion in assets across 55 listed products.
(Source：The Block)