21Shares Debuts Leveraged Dogecoin ETF as FalconX Acquisition Seals

TLDR

• 21Shares launched a leveraged Dogecoin ETF, offering investors twice the daily performance of Dogecoin before fees and expenses.

• FalconX’s acquisition of 21Shares combines institutional trading with expertise in exchange-traded funds (ETFs).

• FalconX aims to expand its reach across the U.S., Europe, and Asia-Pacific with 21Shares’ crypto ETF experience.

• Russell Barlow remains CEO of 21Shares, which will continue to operate independently under FalconX.

• The acquisition follows FalconX’s earlier deals, including the Arbelos Markets acquisition and investment in Monarq Asset Management.

In a move set to expand its portfolio, 21Shares launched a leveraged Dogecoin ETF as FalconX completed its acquisition of the firm. This strategic acquisition is expected to solidify FalconX’s position in the global digital asset market, combining its institutional trading capabilities with 21Shares’ expertise in exchange-traded funds (ETFs).

FalconX Strengthens Its Market Presence

The acquisition marks a notable development for FalconX, a leading digital asset prime brokerage. The deal positions FalconX to leverage 21Shares’ extensive experience in crypto ETFs to broaden its offering. By integrating 21Shares‘ focus on exchange-traded products with FalconX’s institutional-grade trading and risk management platform, the two companies plan to expand their global reach across the U.S., Europe, and Asia-Pacific.

FalconX CEO Raghu Yarlagadda noted that the combined forces will help accelerate innovation and increase access to digital assets for investors. The integration of 21Shares into FalconX’s operations further strengthens their collective product and structuring capabilities.

New Leveraged Dogecoin ETF

As part of this acquisition, 21Shares unveiled a new leveraged Dogecoin ETF, which aims to provide investors with twice the daily performance of Dogecoin, before fees and expenses. This launch adds to 21Shares’ growing range of crypto-focused investment products.

In addition to single-asset products, the company offers a variety of index ETFs that include assets like Bitcoin, Ethereum, Solana, and Dogecoin. Despite the acquisition, 21Shares will continue to operate independently under FalconX. Russell Barlow will remain CEO of 21Shares, leading the firm’s efforts to deliver innovative products and services to its clients.

The finalized acquisition of 21Shares follows FalconX’s broader strategy to strengthen its position in the digital asset market. This includes FalconX’s earlier acquisition of Arbelos Markets in January 2025, focused on crypto derivatives. In addition, FalconX’s investment in Monarq Asset Management in June 2025 signals its push to diversify offerings in actively managed digital asset strategies.

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