FalconX Purchases 21Shares to Broaden Offerings of Regulated Cryptocurrency Investment Solutions.

Crypto prime broker FalconX has reached an agreement to acquire 21Shares, the largest issuer of crypto exchange-traded products (ETPs) globally.

With this collaboration, FalconX and 21Shares plan to create new regulated digital asset investment products aimed at both institutional and retail investors, according to an announcement shared with Cointelegraph.

“21Shares has established one of the most trusted and innovative product platforms in digital assets,” stated Raghu Yarlagadda, CEO of FalconX. “We are witnessing a significant convergence between digital assets and traditional financial markets, as crypto ETPs create new avenues for investor engagement through regulated, familiar structures.”

FalconX contributes its $2 trillion trading infrastructure and over 2,000 institutional clients, while 21Shares adds its expertise in ETP design and global distribution. The financial details of the transaction were not disclosed.

Related: 21Shares lists first Hyperliquid ETP on SIX Swiss Exchange

21Shares to operate independently under FalconX

The leadership of 21Shares will remain intact after the acquisition. No immediate alterations are planned for existing 21Shares ETPs or ETFs in Europe or the US.

CEO Russell Barlow remarked that the partnership with FalconX would enable the firm to “move faster” and broaden its scope. “Together, we will innovate solutions that cater to the evolving demands of digital asset investors globally,” he added.

Established in 2018 by Hany Rashwan and Ophelia Snyder, 21Shares has emerged as a leader in crypto ETPs, managing over $11 billion in assets across 55 listed products as of September 2025.

Related: 21Shares launches first dYdX ETP for institutional investors

FalconX’s third deal this year

This acquisition marks FalconX’s third significant transaction in 2025. In January, the company acquired the crypto derivatives platform Arbelos Markets for an undisclosed sum.

In June, the broker secured a majority stake in the parent company of Monarq Asset Management.