PANews reported on October 22nd that cryptocurrency trading firm FalconX has agreed to acquire 21Shares, one of the largest managers of digital asset ETFs, according to the Wall Street Journal. Executives from both companies stated in an interview that the combined company will focus on developing cryptocurrency funds centered around derivatives and structured products. The transaction was financed through a combination of cash and equity, but specific terms were not disclosed.
Cryptocurrency trading firm FalconX to acquire ETF issuer 21shares
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