FalconX Acquires 21Shares to Drive Expansion in Crypto ETFs

US-based prime broker FalconX has agreed to acquire 21Shares, a prominent Swiss crypto asset manager known for its extensive suite of exchange-traded products (ETPs). This strategic move positions FalconX to enter the rapidly expanding field of crypto ETFs and structured products. The acquisition provides immediate scale and access to expertise through 21Shares’ established distribution network and product engineering capabilities that manage over $11 billion in assets across Bitcoin, Ethereum, and token-specific baskets in Europe.