Key Highlights
- 21Shares launched a new leveraged Dogecoin ETF that gives twice the daily performance of Dogecoin.
- FalconX completed its acquisition of 21Shares but will let the company operate independently.
- The deal strengthens FalconX’s global reach and combines both firms’ strengths in crypto ETFs and trading.
FalconX, an institutional digital-asset prime brokerage, has officially completed the acquisition of 21Shares, one of the largest crypto ETP and ETF issuers. Announced today, the deal coincides with the launch of a new leveraged Dogecoin ETF by 21Shares
The new ETF is designed to give investors twice the daily performance of Dogecoin before any fees and expenses.
“The combination of FalconX’s institutional trading and risk management platform with 21Shares’ leadership in exchange-traded products puts us in an even stronger position to accelerate innovation and broaden access to digital assets,” said FalconX CEO Raghu Yarlagadda, in the official press release.
The acquisition is expected to expand FalconX’s presence globally, including the U.S., Europe, and Asia-Pacific.
21Shares’ structure under FalconX
At the end of September 2025, 21Shares managed over $11 billion across 55 listed products. The company offers crypto index ETFs that let investors access Bitcoin, Ethereum, Solana, and Dogecoin. Even after being acquired, 21Shares will remain independently managed, and CEO Russell Barlow will continue leading the firm.
“FalconX’s scale will allow us both to deliver greater offerings and services to our clients, while building on our shared values and our crypto-native roots,” Barlow commented.
FalconX is backed by investors such as American Express Ventures, Lightspeed Venture Partners, and Tiger Global Management. The acquisition follows FalconX’s earlier plan to strengthen its position in the market. Earlier this year, the firm acquired Arbelos Markets, a crypto derivatives firm, and invested in Monarq Asset Management in June 2025to offer more actively managed crypto products.
Why the new leveraged Dogecoin ETF matters
The leveraged Dogecoin ETF adds to 21Shares’ existing range of crypto-focused investment products. The firm’s existing ETPs and ETFs will continue without changes to their investment objectives or construction.
The partnership between FalconX and 21Shares is expected to accelerate innovation and provide investors with more choices across single-asset and index-based products.
By combining FalconX’s institutional-grade capabilities with 21Shares’ expertise in ETFs, the companies will make digital asset investing more accessible worldwide. Moreover, the team up positions both firms to serve institutional and retail investors.
Also Read: Aave Labs Donates €25,000 to Trinity College Dublin
