FalconX Acquires 21Shares, World’s Largest Crypto ETP Issuer

Deal Summary

FalconX has acquired 21Shares, the world’s largest crypto exchange-traded product (ETP) issuer, marking the firm’s third major deal of 2025 after purchases of Arbelos Markets and a majority stake in Monarq. Financial terms were not disclosed in the announcement on 2025-10-22.