Group 1 - FalconX is acquiring crypto investment management firm 21shares to expand its exchange-traded funds (ETFs) offerings [1] - The acquisition follows the removal of regulatory hurdles for new spot ETFs tied to various cryptocurrencies [1][2] - 21shares manages over $11 billion in assets across multiple products, indicating significant market presence [3] Group 2 - FalconX aims to utilize 21shares' expertise in crypto ETFs and its brokerage platform to promote digital asset investment products [4] - The U.S. government shutdown may impact the Securities and Exchange Commission's ability to review and approve new crypto ETF filings [4] - Concerns are rising regarding highly leveraged funds tracking cryptocurrencies, especially after a significant selloff linked to renewed trade tensions with China [5] Group 3 - FalconX was valued at $8 billion in a 2022 funding round and has facilitated over $2 trillion in trading volume, serving more than 2,000 institutional clients [5]