21Shares launched a leveraged Dogecoin ETF on Nov. 20, 2025, following the close of its acquisition of FalconX. The product aims to offer amplified exposure to DOGE while leveraging FalconX’s trading and custody capabilities.

FalconX, a leading crypto-trading firm, announced the acquisition of 21Shares with plans to create innovative crypto funds centered on derivatives and structured products. This move aims to broaden FalconX's offerings and provide more sophisticated investment opportunities in the crypto space.