FalconX Acquires 21Shares ETF Provider in Major Crypto Brokerage Expansion

Leading cryptocurrency prime broker FalconX has announced plans to acquire ETF provider 21Shares according to Wall Street Journal reports. This strategic acquisition marks a significant consolidation in the digital asset management sector, combining FalconX's institutional trading infrastructure with 21Shares' extensive ETF product lineup including Bitcoin BTC and Ethereum ETH investment vehicles. The merger positions FalconX to expand its service offerings while strengthening 21Shares' distribution capabilities across global markets.