FalconX Enters the Crypto ETF Market by Acquiring 21Shares

FalconX, a leading broker operating in the digital assets space, has announced that it has reached an agreement to acquire 21Shares, a cryptocurrency asset manager. This development was reported by the Wall Street Journal.

While the details of the agreement have not yet been disclosed, it is noted that FalconX will be able to step into the realm of issuing cryptocurrency exchange-traded funds (ETFs), going beyond its market-making and liquidity services.