More Crypto Deals ‘Inevitable’ After FalconX’s 21Shares Acquisition
Crypto platforms and ETF providers have historically lived on opposite sides of the fence. That’s quickly changing.
The crypto trading platform FalconX bought UK-based ETF provider 21Shares last week. The deal will allow the firm to launch crypto funds focused on derivatives and structured products, according to a report from The Wall Street Journal. The deal marks an early example of consolidation across both the crypto and asset management industries. “I think it’ll be remembered as one of the early deals of what proves to be a significant trend, not only particularly in the crypto space, but more broadly in the ETF space,” said Ric Edelman, founder of the Digital Assets Council of Financial Professionals. “This really…
