According to the source, FalconX will acquire 21Shares, as reported in a social media post dated Oct 22, 2025. Source: X post on Oct 22, 2025. 21Shares is the co-sponsor of the ARK 21Shares Bitcoin ETF (ARKB), which holds spot BTC and is relevant for monitoring primary market creations/redemptions and secondary market spreads. Source: SEC prospectus for ARK 21Shares Bitcoin ETF (ARKB), January 2024. 21Shares operates a large lineup of crypto ETPs across European exchanges such as SIX Swiss Exchange, making ETP liquidity and market maker quotes key data points for traders. Source: 21Shares official product listings and SIX Swiss Exchange ETP listings. FalconX provides institutional prime brokerage, execution, and credit services in digital assets, meaning this deal, if completed, aligns trading infrastructure with product issuance. Source: FalconX official company website. Traders focused on crypto market microstructure should track ARKB net inflows/outflows, ETP bid-ask spreads and volumes in Europe, and any sponsor or service-provider disclosures tied to the transaction timeline. Source: SEC Rule 6c-11 ETF framework and standard ETF market structure disclosures.

According to the source, a social media post on X claims crypto trading firm FalconX is acquiring 21Shares, a leading crypto ETF issuer [source: social media post on X]. The post does not include an official press release, company statement, or regulatory filing to verify the deal at the time referenced [source: social media post on X]. Traders should treat this as unconfirmed and wait for confirmation via company newsrooms or regulator filings such as SEC EDGAR or Swiss disclosures before taking positions in BTC and ETH ETF-related instruments [source: SEC EDGAR; 21Shares newsroom; FalconX company website]. If subsequently confirmed by an official announcement, monitor spot Bitcoin ETF creation/redemption activity, bid-ask spreads, and volumes for IBIT, FBTC, ARKB and ETH ETFs for changes in primary-market flow and secondary-market liquidity, which are the standard transmission channels when ETF issuer structures change [source: SEC guidance on ETF primary/secondary market mechanics; exchange rulebooks and issuer disclosures].

According to the source, 21Shares filed an S-1 registration statement with the U.S. SEC to launch an Injective (INJ) ETF, a claim traders should validate by confirming an accepted S-1 entry and any subsequent S-1/A amendments on the SEC EDGAR system (source: SEC EDGAR). For process and timing, monitor the related exchange 19b-4 rule filing and the SEC Division of Corporation Finance comment-letter cycle, which typically precedes any registration becoming effective (source: SEC Division of Trading and Markets; source: SEC Division of Corporation Finance). Near term, actionable catalysts are EDGAR acceptance, exchange listing filings, and shifts in INJ spot and perpetuals liquidity; prioritize official filings over headlines when sizing risk and setting stops (source: SEC filings; source: exchange market data).

According to @EricBalchunas, 21Shares has filed for a 2x HYPE leveraged ETF. According to @EricBalchunas, he characterizes the product as very niche today but notes similar funds can accumulate a few billion dollars in assets within 3 to 4 years. According to @EricBalchunas, the current ETF launch cycle is a land rush comparable to past waves in thematic, currency-hedged, and smart beta strategies.

According to @dydxfoundation, 21Shares presented the launch of a DYDX ETP during the September dYdX Analyst Call, describing it as the first exchange-traded product offering institutional exposure to dYdX’s onchain ecosystem, source: @dydxfoundation. The discussion emphasized that the ETP bridges traditional and decentralized finance by providing compliant access to onchain derivatives for institutional investors, source: @dydxfoundation.

According to dYdX Foundation, the 21Shares DYDX ETP officially launched in early September on Euronext Paris and Amsterdam, providing regulated, exchange-traded access to DYDX for market participants seeking listed exposure, source: dYdX Foundation. The listing is described as an important milestone in bridging decentralised finance with traditional capital markets, highlighting a new regulated avenue to trade DYDX via a European ETP, source: dYdX Foundation.

According to @dydxfoundation, the 21Shares DYDX physically backed Exchange Traded Product is now officially listed and trackable on Bloomberg, enhancing accessibility for professional investors globally (source: @dydxfoundation; Bloomberg quote page DYDX:FP). The ETP trades under ticker DYDX on Euronext Paris and Euronext Amsterdam, providing exchange-based exposure to the DYDX token for European market participants (source: @dydxfoundation). The product is physically backed and provided by 21Shares, signaling on-exchange, regulated access to DYDX exposure via an ETP wrapper (source: @dydxfoundation). Bloomberg coverage via the DYDX:FP page confirms terminal visibility and data tracking for the instrument, aiding discovery and monitoring workflows (source: Bloomberg quote page DYDX:FP).

According to dYdX Foundation, the first dYdX Analyst Call is scheduled for September 17, 2025 at 2:00 PM Gulf Time and 12:00 PM CET, with 21Shares joining to share insights on the launch of the 21Shares DYDX ETP, a development tied to DYDX (DYDX) market access. Source: dYdX Foundation on X; luma.com/h7ooijwg.

According to @dydxfoundation on X (Sep 15, 2025), the dYdX Foundation will hold its first Analyst Call on Wednesday, September 17 at 2:00 PM Gulf Time / 10:00 AM UTC to brief token holders, institutional allocators, and traders on performance, roadmap, and strategic initiatives. According to @dydxfoundation on X (Sep 15, 2025), the agenda includes the current market backdrop and on-chain derivatives adoption, key protocol metrics and growth highlights, the launch of the 21Shares $DYDX ETP, and roadmap and ecosystem strategy updates. According to @dydxfoundation on X (Sep 15, 2025), registration is available at luma.com/h7ooijwg.

According to @charlesdhaussy, Euronext Paris and Euronext Amsterdam have listed a DYDX ETP, announced as Europe’s first DYDX ETP with pan-European access, source: @charlesdhaussy on X on Sep 11, 2025. According to @charlesdhaussy, the announcement highlights involvement of 21Shares and kpk_io and provides exchange-traded access to DYDX exposure on Euronext venues for European traders, source: @charlesdhaussy on X on Sep 11, 2025.

According to @charlesdhaussy, Europe's first DYDX (DYDX) ETP is listed on Euronext Paris and Euronext Amsterdam with pan-European access, source: @charlesdhaussy on X, Sep 11, 2025 https://twitter.com/charlesdhaussy/status/1966053939784151183. The post also links to 21Shares’ X announcement for the DYDX ETP, providing the reference for the listing details, source: @charlesdhaussy on X, Sep 11, 2025 https://x.com/21Shares/status/1966037059782709478.

According to dYdX Foundation, 21Shares has launched the 100% physically backed 21Shares dYdX ETP (ticker: DYDX) on Euronext Paris and Euronext Amsterdam, offering regulated, custody-ready exposure to the DYDX token for European professional investors, source: dYdX Foundation on X. The product is issued and managed by 21Shares and provides exchange-traded access to DYDX, the native token of the dYdX Chain, source: dYdX Foundation on X. 21Shares confirmed the listing and product details in its GlobeNewswire press release dated 2025-09-11, source: 21Shares on GlobeNewswire.

According to @dydxfoundation, 21Shares has launched the 100% physically backed 21Shares dYdX ETP (ticker: DYDX) on Euronext Paris and Euronext Amsterdam, providing regulated, custody-ready exposure to the DYDX token for European professional investors. Source: dYdX Foundation X post, Sep 11, 2025. The product is issued and managed by 21Shares and offers exchange-traded access to the native token of the dYdX Chain within the European market. Source: dYdX Foundation X post, Sep 11, 2025; GlobeNewswire press release by 21Shares, Sep 11, 2025.

According to Eric Balchunas, 21Shares submitted new filings that include an active crypto ETF and leveraged 2x DOGE and 2x SUI products (source: Eric Balchunas on X, Aug 22, 2025). According to Eric Balchunas, he expects to see a large number of active crypto ETF filings in the next 12 months (source: Eric Balchunas on X, Aug 22, 2025).

According to @rovercrc, analysis from Matt Mena, a crypto research strategist at 21Shares, indicates that softer-than-expected U.S. inflation data has put a Bitcoin (BTC) price of $200,000 firmly in play for year-end 2024. Mena stated that the recent Consumer Price Index (CPI) report, which showed cooling inflation, serves as a major bullish catalyst. He suggests that a convincing breakout for BTC above the $105,000-$110,000 range could trigger a rapid move to $120,000. This positive macroeconomic development, which increases the likelihood of Federal Reserve rate cuts, could accelerate Bitcoin's price trajectory significantly. Mena also noted that growing institutional adoption, impending stablecoin regulation, and increased ETF inflows are additional factors reinforcing this bullish outlook for Bitcoin.

According to @rovercrc, a recent analysis from Matt Mena, crypto research strategist at 21Shares, suggests that a softer-than-expected U.S. inflation report has put a $200,000 price target for Bitcoin (BTC) by the end of the year 'firmly in play.' Mena stated that the favorable Consumer Price Index (CPI) data could act as a major bullish catalyst, potentially accelerating Bitcoin's price trajectory. He outlined a scenario where a convincing breakout above the $105,00-$110,000 range could trigger a rapid move to $120,000 and help BTC reach a $138,500 target by the end of summer. The cooling inflation, with the CPI rising only 0.1% last month against a 0.2% forecast, has led traders to price in approximately two Fed rate cuts for this year, according to the source. Mena also noted that this macroeconomic tailwind combines with other bullish factors, including growing sovereign and institutional adoption, upcoming stablecoin regulation, and increased activity from corporate Bitcoin treasuries, which could supercharge ETF inflows and strengthen Bitcoin's role in global investment portfolios.

According to @rovercrc, analysis from Matt Mena of 21Shares indicates that softer-than-expected U.S. inflation data could be a major bullish catalyst for Bitcoin (BTC). Mena suggests that if BTC breaks out of the $105K-$110K range with conviction, it could move sharply to $120K, potentially reaching a $138.5K target by the end of summer, as cited in the report. With continued momentum, a Bitcoin price of $200K by the end of the year is now considered 'firmly in play', according to Mena. This optimistic outlook is supported by cooling inflation strengthening the case for Federal Reserve policy easing. Mena also noted that other bullish catalysts include sovereign and institutional adoption and impending stablecoin regulation, which could accelerate ETF inflows and reinforce Bitcoin's role in global portfolios.

According to @rovercrc, a softer-than-expected U.S. inflation report is acting as a major bullish catalyst for Bitcoin (BTC), with some analysts now forecasting a potential price of $200,000 by year-end. Matt Mena, a research strategist at 21Shares, stated that if BTC decisively breaks the $105K-$110K range, it could rapidly move towards $120K and hit a year-end target of $138.5K by the end of summer. Mena believes the favorable inflation data now puts a $200K BTC price 'firmly in play' for 2024. The cooling inflation has led traders to price in about two Federal Reserve rate cuts this year, which is typically positive for risk assets like Bitcoin. Further bullish momentum is attributed to sovereign and institutional adoption, alongside impending stablecoin regulation. Meanwhile, Vetle Lunde of K33 research anticipates a volatile July due to U.S. policies, but notes that contained crypto-leverage reduces the risk of a major market deleveraging. At the time of the analysis, BTC was trading around $108,381.

According to @CryptoMichNL, Bitcoin (BTC) is positioned to reach a new all-time high, supported by favorable macroeconomic conditions. The analysis highlights that softer-than-expected U.S. inflation data, a record U.S. M2 money supply, and soaring equity markets are driving capital into riskier assets like BTC. The report cites Matt Mena of 21Shares, who suggests the cooling Consumer Price Index (CPI) could be a major bullish catalyst, putting a $200,000 price target for Bitcoin by year-end "firmly in play." Additional factors supporting this outlook include historical price strength for BTC in July and concerns over rising U.S. national debt, as noted by Ray Dalio. Following the CPI report, traders have increased their expectations for Federal Reserve rate cuts this year.

According to @rovercrc, a softer-than-expected U.S. inflation report has significantly increased the probability of Bitcoin (BTC) reaching $200,000 by the end of the year. Matt Mena, a crypto research strategist at 21Shares, stated that the cooling consumer price index (CPI) data could be the catalyst that accelerates BTC's momentum, bringing a potential summer target of $138.5K forward by several months. The report has led traders to price in approximately two 25 basis point Fed rate cuts this year, strengthening the case for policy easing. Technically, Bitcoin is holding firm support above the $105,000 level after a recent dip, with analysis indicating high-volume accumulation in the $104,400–$104,500 zone and potential for further upside. Adding to the bullish sentiment, Jeff Park, Head of Alpha Strategies at Bitwise Asset Management, noted a cultural shift where younger investors now aspire to become 'wholecoiners'—owning at least one full Bitcoin—viewing it as a new form of prestige and long-term security.