FalconX to Acquire 21Shares in Latest Crypto Industry Consolidation Move
FalconX, a leading institutional crypto brokerage, has agreed to acquire 21Shares, one of the largest providers of cryptocurrency exchange-traded products. The deal combines FalconX's $2 trillion trading infrastructure with 21Shares' $11 billion ETP platform across Europe and the United States.
While financial terms remain undisclosed, the acquisition signals growing institutional convergence between digital assets and traditional finance. 21Shares will operate independently under FalconX's ownership, maintaining its current management team led by CEO Russell Barlow.
The transaction comes as crypto ETPs experience record inflows, with institutional investors increasingly accessing digital assets through regulated vehicles. 21Shares' 55 listed products span major cryptocurrencies including Bitcoin and Ethereum, though no specific coins were mentioned in the acquisition announcement.
