FalconX Acquires 21Shares, Expanding Into Crypto ETFs Market
FalconX, a leading institutional crypto prime brokerage, has finalized its acquisition of 21Shares, the world's largest issuer of crypto exchange-traded products (ETPs). The deal merges FalconX's institutional-grade infrastructure with 21Shares' $11 billion asset management platform, signaling a strategic push into regulated crypto investment vehicles.
The acquisition combines FalconX's $2 trillion trading volume and 2,000 institutional clients with 21Shares' suite of 55 listed ETPs. These products offer traditional investors exposure to digital assets without direct custody challenges—a key growth area as institutional demand for regulated crypto access intensifies.
Market observers note the transaction reflects accelerating convergence between traditional finance infrastructure and crypto-native platforms. FalconX gains immediate scale in the ETP market, while 21Shares benefits from enhanced liquidity and institutional distribution channels.