FalconX acquires world’s largest crypto ETP issuer 21Shares

The acquisition marks FalconX’s third major deal of 2025, following its purchases of crypto derivatives platform Arbelos Markets and a majority stake in Monarq.

Crypto prime broker FalconX has agreed to acquire 21Shares, the world’s largest issuer of crypto exchange-traded products (ETPs).

By joining forces, FalconX and 21Shares aim to develop new regulated digital asset investment products that appeal to both institutional and retail investors, the company said in an announcement shared with Cointelegraph.

“21Shares has built one of the most trusted and innovative product platforms in digital assets,” said Raghu Yarlagadda, CEO of FalconX. “We’re witnessing a powerful convergence between digital assets and traditional financial markets, as crypto ETPs open new channels for investor participation through regulated, familiar structures.”

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