Europe’s Crypto ETP Providers Target US Expansion as FalconX To Acquire 21shares

Core Insights - A series of mergers and acquisitions in the crypto Exchange-Traded Products (ETPs) sector has been observed, with FalconX set to acquire 21shares, a notable player in the market [1][2] - The acquisition allows FalconX to establish a presence in the growing crypto ETP market while 21shares will continue to operate independently [2][4] Company Developments - FalconX announced the acquisition of 21shares on October 22, with undisclosed terms, indicating a strategic move to enhance its ETP business [2][4] - 21shares has been a pioneer in listing Bitcoin ETFs in the U.S. and has quickly adapted to market changes, such as the lifting of restrictions by the Financial Conduct Authority [3][4] Market Trends - The trend of American firms acquiring European crypto ETP providers is evident, with Bitwise's acquisition of ETC Group last year being a notable example [5][7] - CoinShares, Europe's largest digital-asset manager, is also pursuing U.S. expansion through a merger with Vine Hill Capital Investment Corp., indicating a reciprocal trend in the market [6][8]