FalconX Acquires 21Shares in Major Crypto Industry Deal
FalconX, a leading digital asset prime brokerage, announced on October 22, 2025, that it has agreed to acquire 21Shares, the company behind the world’s largest suite of cryptocurrency exchange-traded products.
This acquisition marks one of the most significant transactions in the crypto ETP sector and represents FalconX’s third major deal in 2025.
The financial terms were not disclosed, but the deal will be financed through a combination of cash and equity. According to Bloomberg, the transaction is expected to close by the end of the year.
Understanding 21Shares and Its Market Position
21Shares has established itself as a dominant player in the crypto investment product space since its founding in 2018 by Hany Rashwan and Ophelia…
