FalconX has acquired 21Shares in a strategic move to enhance institutional adoption of cryptocurrency ETFs. This acquisition combines FalconX's robust institutional infrastructure with 21Shares' expertise in ETF management, facilitating the accelerated launch of spot crypto funds. The XRP ETF, TOXR, has successfully secured registration with the SEC and a listing on the Cboe BZX exchange, positioning it for imminent trading. This development offers institutional investors regulated exposure to XRP, aiming to improve access, liquidity, and settlement processes.