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    FalconX, a Crypto Prime Brokerage, to Acquire ETF Firm 21Shares: WSJ

    Ethan CarterBy No Comments1 Min Read
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    FalconX, a prime broker for digital assets, has reportedly agreed to acquire 21Shares, a crypto asset management firm, according to a Wall Street Journal article published on Wednesday.

    The undisclosed terms of the deal will enable FalconX to broaden its services beyond market making and liquidity, moving into the issuance of crypto exchange-traded funds (ETFs), an area seeing significant institutional cryptocurrency adoption.

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    21Shares, based in Zurich, Switzerland, is among the leading providers of crypto exchange-traded products (ETPs), having launched them in Europe long before they became available in the U.S.

    The company reached a milestone by listing its 50th ETP in Europe last month.

    CoinDesk did not receive immediate comments from either firm regarding the acquisition.

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    Ethan is a seasoned cryptocurrency writer with extensive experience contributing to leading U.S.-based blockchain and fintech publications. His work blends in-depth market analysis with accessible explanations, making complex crypto topics understandable for a broad audience. Over the years, he has covered Bitcoin, Ethereum, DeFi, NFTs, and emerging blockchain trends, always with a focus on accuracy and insight. Ethan's articles have appeared on major crypto portals, where his expertise in market trends and investment strategies has earned him a loyal readership.

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