FalconX to Acquire 21Shares Amidst Crypto M&A Spree

FalconX to Acquire 21Shares Amidst Crypto M&A Spree

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Crypto trading firm FalconX is reportedly set to acquire 21Shares, a prominent ETP franchise, for an undisclosed sum. This strategic move aims to combine FalconX's robust infrastructure with 21Shares' expertise in exchange-traded products to develop new crypto funds, signaling a continuation of mergers and acquisitions within the digital asset sector.

Crypto trading firm FalconX will acquire 21Shares for an undisclosed sum, combining its infrastructure with an ETP franchise to build new crypto funds.