Institutional crypto trading firm FalconX is in talks to acquire 21Shares, a major digital asset ETP issuer. The deal will be financed through cash and equity. FalconX, founded in 2018, has processed over $2 trillion in trades and serves 2,000+ clients. 21Shares manages $11 billion in assets and co-launched the first US spot Bitcoin ETF.

The merger aims to combine FalconX’s infrastructure with 21Shares’ ETF expertise. Analysts see a surge in interest in crypto ETPs, with 155 filings for 35 cryptocurrencies. Bloomberg predicts over 200 products within a year. Spot Bitcoin ETFs saw a $477.2 million inflow on October 21. The market may be entering a new “ETF season.”

Read more at Yahoo Finance: FalconX Reportedly Set to Acquire 21Shares in Major Crypto Fund Deal