21shares
21shares is a crypto asset manager and issuer of exchange traded products (ETPs) and exchange traded funds (ETFs), founded in 2018 by Hany Rashwan and Ophelia Snyder and based in Zurich, Switzerland. It offers about 55 listed products giving regulated securities exposure to digital assets such as Bitcoin, Ethereum, XRP and Solana, and reported roughly 11 billion dollars in assets under management as of September 30, 2025. Its US spot ETFs include a Solana fund (TSOL) and an XRP fund (TOXR, which began trading December 1, 2025). Affiliate 21.co Technologies focuses on tokenization and on-chain institutional products. FalconX completed its acquisition of 21shares on November 20, 2025; 21shares continues to operate as an independently managed brand under FalconX.
🏛 Regulatory Status
Recent News
Institutional adoption gains won't rescue 2026 valuations—a sobering reality check for portfolio strategists.
21Shares listed its US spot XRP ETF under ticker TOXR, tracking the CME CF XRP-Dollar Reference Rate, with Coinbase, Anchorage Digital and BitGo as custodians.
FalconX closed its acquisition of 21shares, combining ETP issuance with FalconX institutional trading infrastructure; 21shares remains independently managed under FalconX with Russ
FalconX announced an agreement to acquire 21shares, one of the largest crypto ETP and ETF issuers, in a major digital-asset industry transaction.
💼 Open Roles at 21shares
Product Manager
New York, New York, United States · full_time · mid