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FalconX has completed its acquisition of 21Shares, giving it a major retail-facing ETF arm.
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21Shares launched a new leveraged DOGE ETF offering 2x daily exposure.
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The firm now manages more than 11 billion dollars across 55 products.
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21Shares will continue to operate independently despite the acquisition.
FalconX Gains a Retail Gateway
With FalconX finalizing its acquisition of 21Shares, the combined group now connects institutional trading infrastructure with a large retail ETF business. FalconX said the deal will help expand its footprint across the US, Europe, and Asia-Pacific.
At the time of acquisition, 21Shares managed more than 11 billion dollars across 55 listed products.
New 2x Leveraged Dogecoin ETF
Shortly after the deal closed, 21Shares rolled out a new leveraged Dogecoin ETF. The product aims to deliver twice the daily performance of DOGE before fees and expenses. This continues the company’s broad expansion into both single-asset and index crypto ETFs.
Independent Management Continues
Despite being owned by FalconX, 21Shares will continue to be independently managed by CEO Russell Barlow. FalconX, backed by firms including American Express Ventures and Tiger Global, said the combination strengthens its global distribution capabilities.
Growing ETF Interest Beyond Bitcoin and Ether
21Shares already manages two crypto index ETFs covering bitcoin, Solana, Ethereum, and Dogecoin. The new leveraged DOGE product shows rising demand for thematic and higher-risk ETF strategies in the crypto market.
