FalconX Acquires 21Shares, Expanding Into Crypto ETFs Market
FalconX has announced an acquisition of 21Shares, combining prime brokerage infrastructure with the world’s largest crypto ETP platform. FalconX Pushes Into Crypto ETFs & ETPs With 21Shares Acquisition As announced in a press release, FalconX has agreed to acquire 21Shares. FalconX is an institutional crypto prime brokerage that provides large clients with deep global liquidity, […]
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Australians will soon have five options for cryptocurrency exchange-traded funds as the delayed funds from Cosmos and 21Shares launch this week along with 3iQ’s in the future. Australians will soon have more options for spot cryptocurrency exchange-traded funds (ETFs) after a previous hold-up was given the green light this week and new funds entered the ETF market.The latest update came late on May 9 as Cboe Australia issued a round of market notices that three funds previously delayed are expected to begin trading on Thursday, May 12. They include a Bitcoin ETF from Cosmos Asset....
Tiger Global and B Capital are the primary investors in the latest round. They join Coinbase Ventures, Accel, FMR LLC and others in backing FalconX. FalconX, a cryptocurrency exchange focused on institutional investors, has raised $50 million from Tiger Global and B Capital Group — highlighting once again that digital assets are becoming more mainstream. FalconX didn’t specify how the funds would be deployed, but if it’s anything like previous fundraisers, the money will likely go towards business development. FalconX raised $17 million in May 2020 to finance several growth initiatives,....
Both of the new Australian exchange-traded funds by 3iQ Digital Asset Management will feed from its existing Bitcoin and Ethereum ETFs listed on the Toronto Stock Exchange. A further two cryptocurrency-backed exchange-traded funds (ETF) have launched on the Cboe Australia exchange on Monday, bringing the total amount of crypto ETFs available to Australian traders to six.The Canada-based 3iQ Digital Asset Management launched two spot ETFs, the 3iQ CoinShares Bitcoin (BTC) Feeder ETF and the 3iQ CoinShares Ether (ETH) Feeder ETF.Both of the Australian funds feed from the firm’s Canadian ETFs....
The announcement comes the same day as ETC Group’s Bitcoin ETP began trading on the same exchange. Switzerland-based 21Shares, formerly known as Amun, has said it will make its Bitcoin (BTC) exchange-traded product available to traders in the United Kingdom through the Aquis Exchange.According to an announcement from 21Shares, its Bitcoin exchange-traded product (ETP) will be available to professional investors on the Aquis Exchange this summer. U.K.-based firm GHCO will be acting as the crypto ETP’s liquidity provider, with 21Shares saying the product would be “engineered like an....
Founded during the major market slump of 2018, 21Shares holds its vision that solid crypto products only grow stronger during crypto winters. 21.co, the new parent firm of exchange-traded products (ETP) provider 21Shares, has become “Switzerland's largest crypto unicorn,“ the firm announced on Tuesday.It raised $25 million in a funding round led by London-based hedge fund Marshall Wace. The new funding brings the firm's valuation to $2 billion.21.co is designed to unite 21Shares with third-party token provider Amun and other upcoming crypto projects aiming to build bridges into the crypto....