Reported about 18 hours ago
FalconX announced its acquisition of crypto investment firm 21shares to enhance its exchange-traded funds (ETFs) business, following the recent easing of regulations by the U.S. SEC for new crypto ETFs. Founded in 2018, 21shares manages over $11 billion in assets, and FalconX aims to utilize its expertise to promote digital asset investment products amid concerns over market volatility and regulatory challenges.
Source: YAHOO