Crypto trading powerhouse FalconX announced plans to acquire 21Shares, one of the world’s leading crypto investment managers with over $11 billion in AUM, as it strengthens its position in the fast-growing crypto ETF market.
The deal follows the U.S. SEC’s recent decision to clear multiple new spot crypto ETFs — including those tied to Solana and Dogecoin — paving the way for broader retail and institutional access to digital assets.
Founded in 2018 by Hany Rashwan and Ophelia Snyder, 21Shares has built a reputation for pioneering regulated crypto investment products. FalconX plans to leverage this expertise and its brokerage infrastructure to scale adoption of multi-asset digital ETFs globally.
“With the SEC streamlining listing pathways, this sets them up to be both the pit crew and the driver as the market moves beyond only bitcoin and ether wrappers,” said Michael Ashley Schulman, CIO at Running Point Capital Advisors.
FalconX, valued at $8 billion in its 2022 funding round, has processed over $2 trillion in trading volume and serves more than 2,000 institutional clients — positioning it as a core player in the next phase of crypto-finance integration.